// 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.
Key Events Timeline
FOUNDING
Prosperity Financial Services Pte Ltd founded in Singapore.
FUNDING
Raised $370K in seed funding, the company's only external investment.
REGULATORY ACTION
Global financial crisis created severe market headwinds, freezing fintech funding and client activity in Singapore.
SHUTDOWN
Prosperity Financial Services shut down after failing to secure follow-on funding in the post-crisis environment.