Youtrip Bags $30M In Series A Round To Fund Neobank Ambitions
11/30/21, 1:37 AM
Money raised
$30 million
Round Type
series a
Singapore-headquartered YouTrip has bagged US$30 million in a series A round to fund its broadening neobank ambitions.
Company Info
Additional Info
But come the first quarter of 2022, the startup will roll out YouBiz, a multicurrency credit card targeting small and medium-sized businesses. The company also intends to introduce a virtual card and increase the number of currencies on offer in its consumer card by early next year. In September, the firm said it would double its workforce in Singapore with over 50 new engineering and product hires by 2022. Since then, the company revealed that it has made close to 30 new hires in the country. This was buoyed by an increase in ecommerce activity, a gradual return of travel, and the rollout of its rewards platform YouTrip Perks, the company said.