Singapore's Insignia, tryb among co-leads in US$26m fund raising by Philippine fintech First Circle

Singapore

PHILIPPINE business-lending fintech startup First Circle has raised US$26 million of additional Series A funding from a group of investors that includes Singapore funds Insignia Ventures Partners and tryb Group.

Insignia was founded by former Sequoia partner Tan Yinglan. tryb, whose founders include former Singapore Exchange veteran Nels Friets, focuses on fintech startups. The other two lead investors in the round were Venturra Capital, which is backed by Indonesia's Lippo Group, and Hong Kong's Silverhorn Investment Advisors.