Singapore-based fintech YouTrip picks up $50M led by Lightspeed

Singapore-based fintech YouTrip picks up $50M led by Lightspeed

7 months ago
Anonymous $HYlO-3b458

https://techcrunch.com/2023/10/25/youtrip-lightspeed/

YouTrip, a Singapore-based fintech that offers multi-currency wallet for consumers and business accounts with corporate cards for SMEs, has its eyes on growth throughout Southeast Asia after landing a Series B led by Lightspeed. The round was $50 million, and brings YouTrip’s total raised to $100 million since it launched in 2018.

The new funding will be used to develop YouTrip’s product technology and hire more than 100 new positions for its regional team as it launches in new Southeast Asian markets, including Indonesia, Malaysia, the Philippines and Vietnam. The company is a Major Payment Institution licensed by the Monetary Authority of Singapore, and its services include payments, foreign exchange, remittances and cards.