Honest Bank’s $19.7 Million Series A Financing

Gunderson Dettmer Stough Villeneuve Franklin & Hachigian advised Insignia Ventures Partners on the deal.

Insignia Ventures Partners, an early-stage venture fund with a focus on Southeast Asia, led the $19.7 million Series A financing of Honest Bank, a Singapore-headquartered fintech company with operations in Indonesia founded by Will Ongkowidjaja, founding partner at Alpha JWC Ventures.

According to reports, the latest round valued Honest Bank at $113 million, nearly a four times increase since its previous round.

Honest Bank’s mission is to provide access to fair banking in Southeast Asia. 

The Gunderson deal team was led by Jolyn Ang (Picture) and included Benjamin Teo.

Involved fees earner: Jolyn Ang – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Benjamin Teo – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian;

Law Firms: Gunderson Dettmer Stough Villeneuve Franklin & Hachigian;

Clients: Insignia Ventures Partners;

Author: Sonia Carcano