YouTrip raised $30M in a Series A funding round led by major Asian family offices to enhance its technological capabilities and expand in Southeast Asia.
YouTrip raised $30M in a Series A funding round led by major Asian family offices to enhance its technological capabilities and expand in Southeast Asia.
08/15/24, 3:20 AM
Location
singaporeMoney raised
$30 million
Industry
financial services
Round Type
series a
Investors
Prominent Financial Technology Investors, Major Asian Family Offices
YouTrip, Singapore’s first multi-currency mobile wallet linked with Mastercard, has secured $30 million in Series A funding. The company aims to boost its technological offerings and grow its presence in the region, benefiting from a strong user base and increased transaction volume.
Company Info
Location
singapore
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.