SG's Spenmo said to be in talks with Tiger Global for new funding round

Spenmo, a payments software startup headquartered in Singapore, is in talks to raise around $50 million and is likely to see New York-based Tiger Global Management join as lead investor, sources privy to the matter told DealStreetAsia.

The proposed investment could peg the valuation of Spenmo at $500 million, said one of the sources mentioned above. According to DealStreetAsia DATA VANTAGE, its current valuation stands at $177.6 million.

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