Singapore fintech firm Lendela secures $5M in oversubscribed Series A round

Lendela, the Singapore-based digital loan matchmaking platform, announced Thursday its successful $5 million Series A funding round. The oversubscribed round was led by Singapore-based Chocolate Ventures, with participation from Lendela’s seed investor Cocoon Capital.

Lendela $2M Pre Series A

Personal loan platform Lendela gets $2M in pre-Series A financing to support business expansion

With this capital infusion, Lendela intends to fund expansion activities. Operating in Singapore and Hong Kong, the FinTech’s growth plan focuses on gaining more customers and broadening its reach in its existing markets.