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← Embedded Finance Index 2026

HipVan

“Can a Singapore e-commerce furniture brand evolve into a multi-sided home & living marketplace (Communa) while running a fully embedded modern finance stack?”

Founded2013
HQSingapore
FoundersDanny Tan, Shobhit Datta, Deborah Wee
Total raised$4.7M
IndustryE-commerce / Retail
The story

HipVan was founded in 2013 as a Singapore-based online furniture retailer focused on affordable, design-led home furnishings. The company has scaled to 230,000+ customers and operates an Atelier Showroom at Clarke Quay. It recently expanded beyond pure retail by launching Communa, a content-first marketplace connecting shoppers, creators, and third-party brands — moving the business toward a multi-sided commerce model.

Last 12 months
2025
Product timeline
2013
HipVan founded as online furniture retailer in Singapore· launch
2024
Launched Communa, a content-first marketplace connecting shoppers, creators, and third-party brands· pivot
The stack
6 layers disclosed in HipVan’s embedded-finance stack
Payments / PSP
2C2PGrab PayLaterAtomeUOB (credit card instalments)
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
FX & payouts
in the full report
Spend / AP
in the full report
Accounting gap: none
9 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

HipVan — frequently asked

What bank does HipVan use?

HipVan discloses Airwallex as its banking provider, according to the Embedded Finance Index 2026.

Is HipVan a bank?

HipVan does not disclose a bank charter of its own; its banking services are provided through Airwallex.

Who is HipVan's payment processor?

HipVan processes payments through 2C2P, Grab PayLater, Atome and UOB (credit card instalments).

Who issues HipVan's cards?

HipVan's cards are issued through Aspire.

Who handles HipVan's FX and cross-border payouts?

HipVan uses Airwallex for FX and cross-border payouts.

What is HipVan's embedded finance stack?

The Embedded Finance Index 2026 maps 6 layers in HipVan's stack: Payments / PSP (2C2P, Grab PayLater, Atome and UOB (credit card instalments)); Banking / BaaS (Airwallex); Card issuing (Aspire); Lending (Grab PayLater (4 payments), Atome (3 payments), UOB 12-month 0% instalments and Amex 12-month 0% instalments); FX & payouts (Airwallex); Spend / AP (Aspire and Airwallex).

Who founded HipVan?

HipVan was founded by Danny Tan, Shobhit Datta and Deborah Wee and is founded in 2013, headquartered in Singapore.

How much funding has HipVan raised?

HipVan has raised $4.7M in total.

Benchmark your own stack

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Get a read on where your own stack stands against HipVan and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.

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