发卡近10万张、月交易数百万笔，东南亚数字银行YUP再获来自美国机构的3200万美元股权融资，总融资超过一亿美元丨36氪首发

Core Insights - YUP, a Southeast Asian fintech company, has completed a $32 million Series F funding round, primarily aimed at user growth in Indonesia and expansion into new markets and services [1][2] - The company has raised over $100 million since its inception in 2021, with a diverse range of historical investors [2] - YUP targets the unbanked workforce in Indonesia, focusing on the 80 million salaried individuals lacking traditional banking services [2][3] Funding and Investment - The recent funding round was led by several U.S. growth funds, including Moore Strategic Ventures and Spice Expeditions, which recognize Indonesia's potential as superior to Brazil's [1][2] - YUP's cumulative funding has surpassed $100 million, with notable investors including XVC, SWC Capital, and the Hong Kong government fund [2] Business Model and Market Position - YUP combines physical credit cards with virtual e-wallets, catering to the growing digital payment landscape in Southeast Asia [3] - The company has developed a comprehensive app that integrates e-commerce, insurance, and travel booking, creating a consumption ecosystem around payments [3] - YUP has established itself as one of the largest card issuers in Indonesia, with a monthly card issuance volume nearly 10 times that of the largest commercial bank [6] Risk Management and Local Adaptation - YUP employs advanced risk management through 11 neural network models and collaborates with local databases for credit assessment, achieving a transaction success rate of 99.9% [5] - The company boasts a local workforce, with over 80% of employees being Indonesian, enhancing its market understanding and operational efficiency [5][6] Growth Strategy and Future Plans - YUP has maintained a robust growth trajectory, with an annual revenue growth rate of approximately 300% since its establishment [6] - The company plans to expand into Vietnam, the Philippines, and Thailand by the second half of 2026, leveraging its experience in the Southeast Asian market [6]