// startup autopsy

Prosperity Financial Services Pte Ltd

A Singapore fintech swept away by the 2008 financial storm.

external shockSudden Collapse

Unexpected shutdown within weeks of a trigger · Fatal mistake: Raised a minimal seed round in 2007 immediately before the global financial crisis made follow-on funding and client acquisition impossible.

Founded	2006
Closed	2010
Country	Singapore
Sector	Fintech

50%

Key Events Timeline

2006-01

FOUNDING

Prosperity Financial Services Pte Ltd founded in Singapore.

2007-06

FUNDING

Raised $370K in seed funding, the company's only external investment.

2008-10

REGULATORY ACTION

Global financial crisis created severe market headwinds, freezing fintech funding and client activity in Singapore.

2010-01

SHUTDOWN

Prosperity Financial Services shut down after failing to secure follow-on funding in the post-crisis environment.

Full Analysis

Analyst plan

Documented cause

Prosperity Financial Services Pte Ltd was a Singapore-based fintech startup that raised $370,000 in funding in 2007 and subsequently shut down. The startup's failure was likely precipitated by the 2008 global f...

inancial crisis, which created severe headwinds for early-stage financial services companies in Southeast Asia. The crisis triggered a liquidity collapse in credit markets and prompted widespread inve

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€0.4M

Peak valuation

HypeCycle · MoatType · ResearchTags

Prosperity Financial Services Pte Ltd raised €0.37M before raised a minimal seed round in 2007 immediately before the global financial crisis made follow-on funding and client acquisition impossible. ended it. See the documented cause, verified lesson and all failure signals.

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