Singapore-based ESG-driven neobank Crowdo raises $5.9m bridge round

Crowdo, an environmental, social and governance (ESG)-driven neobank for small and medium enterprises (SMEs) in emerging markets, has closed an S$8 million ($5.9 million) pre-Series B bridge round co-led by existing shareholders Gobi Partners and iVest Capital Pte Ltd, a SE Asian family office.

SEEDS Capital also participated in the round while Impact Investment Exchange Pte Ltd (IIX) provided debt financing through WLB4Climate, the fourth issuance in its innovative Women’s Livelihood BondTM Series.

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