Look who's raising! We hear Singapore's Spenmo is looking to raise $50M with Tiger Global potentially leading the round.

• It's building the all-in-one payments software for SMEs.
• It has processed $250M in payments.

Its last funding round was a $34M Series A led by Insight Partners in September. (One of Singapore's largest Series A rounds — ever!) It was also part of YC's S20 batch.

🤑 Finessing fintech

Spenmo's not here to build a neobank. It's here to help businesses manage their payments— from automating bank transfers to integrating accounting software.

😉 Send it and spend it

Automated transfers. If you're processing 500 to 9,000 payables a month, like Spenmo's clients, you're wasting precious hours sending payments one by one.

• Its software will read your invoices, extract the data and automatically make the payments.

Cheap international transfers. Have an international team or tons of foreign vendors? Save cash by saying goodbye to banks that charge you extra for cross-border payments.

• With Spenmo's 0% FX markup, you'll pay the rates you see on Google!

Invoice approval. You've emailed the boss asking for $$$ for your team's project, and you've been ignored for days. (Or worse, it's now a messy email thread.)

• Use Spenmo to request cash internally, get approved and receive a scheduled payout.

Credit cards. Do your team members spend a ton on marketing, subscriptions or their projects? Forget having one card for the entire business.

• Get unlimited virtual and physical corporate cards for each person or each purpose.

Extra Scoop: SEA fintechs seek a path to profitability amid rapid adoption.