Cinch Tech Raises $19.3M Series A Led by Monk’s Hill Ventures

Cinch Tech Secures $19.3M Series A

Cinch Tech, a Singapore-based Device-as-a-Service (DaaS) platform, has raised $19.3 million in Series A funding. The round was led by Monk’s Hill Ventures. The funding date is September 24, 2026.

What Cinch Tech Does

Cinch Tech Holding operates a Device-as-a-Service platform that gives consumers and businesses in Singapore and Malaysia subscription access to smartphones, laptops, and other tech. The service bundles device procurement, financing, and lifecycle management into one offering.

Founded in 2022 and headquartered in Singapore, the company runs a circular model that refurbishes and redeploys devices across multiple lifecycles to cut upfront costs and e-waste. Cinch Tech also serves as Samsung’s official subscription partner for the Galaxy S25 series in Singapore.

Funding Details

• Round: Series A
• Amount: $19,300,000 USD
• Lead Investor: Monk’s Hill Ventures
• Investors: Monk’s Hill Ventures
• Date: September 24, 2026

Acquisition Perspective

The Series A positions Cinch Tech to scale its DaaS platform across Singapore and Malaysia. The company’s circular model and official partnership with Samsung for the Galaxy S25 series provide a differentiated position in the device subscription market. For acquirers, Cinch Tech offers a bundled procurement, financing, and lifecycle management solution with a sustainability angle, potentially attractive to telecom, retail, or financial services firms seeking recurring revenue and device-as-a-service capabilities in Southeast Asia.