fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Featured

SG’s neobank YouTrip secures $30M in latest funding round

Team AsiaTechDaily by Team AsiaTechDaily
30 November 2021
in Featured, FinTech
0
YouTrip
7
SHARES
Share on FacebookShare on Twitter
Bookmark(0)

Please login to bookmark

No account yet? Register

Singaporean neobank YouTrip announced today that it has raised $30 million in its Series A funding round.

This round was backed by returning investors from major Asian family offices and prominent financial technology investors. According to YouTrip, this will solidify its position as the leading neobank in Southeast Asia offering B2B and B2C multi-currency payments.

The company, offering a multi-currency wallet, has now raised over $60 million in funding in total since its launch in 2018.

Caecilia Chu, YouTrip’s CEO and Co-founder described the company’s transformation since their last funding round as a gaining ground for them to establish a strong foothold in new territories such as overseas online spending to meet the extraordinary shifts in consumer behaviors.

“We believe there is untapped potential in cross-border payments, and our market-leading position in this space puts us in a good place to serve more of our users’ payment needs – from travelers, to online shoppers, and now, businesses,” Chu said in a statement.

Chu added that the latest round will also give them the resources to strengthen their multiple growth engines to stay resilient and well-primed for expansion into new vistas.

YouTrip’s new capital will “supercharge” the company’s technological capabilities to bolster its suite of payment products, in particular entering the adjacent B2B payments space, as well as accelerating its entrance into the wider Southeast Asia.

Meanwhile, the company has set its sights on the B2B payments ecosystem, whose industry is expected to be worth $150 trillion by 2022.

Arthur Mak, YouTrip’s Co-founder said, they are excited about this opportunity.

According to the company’s media release, YouTrip’s new corporate credit card, YouBiz, “promises the best value and best-in-class multi-currency payment experience.” Their product offers higher spending limits while transacting at the best exchange rates in 150+ currencies, and credit terms offered to selected business account users.

YouTrip will be refreshing its app with new features such as a virtual card, an interactive exchange rates dashboard, and the ability to hold more popular currencies in their wallet. This is set to be launched in early 2022.

What are your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
1
Clap
+1
0
Previous Post

Grab leads latest funding round in Indonesia’s Bareksa

Next Post

SpeQtral raises $8.3m in Xora-led funding round

Related Posts

Allinfra
Featured

Nomura leads $6m Series A in climate tech startup Allinfra

May 25, 2022
ADDX
Featured

Private market exchange ADDX raises $58m in pre-Series B funding

May 24, 2022
Pebble
Featured

Fintech startup Pebble raises $6.2m, to launch app in SE Asia

May 24, 2022
anycover
Featured

SG insurtech startup anycover nets $450k, eyes expansion into Malaysia, Indonesia

May 20, 2022
Grab
Featured

Grab reports 6% revenue rise in Q1 2022

May 19, 2022
Antler
Featured

Venture investor Antler commits $100m to over 300 startups in SE Asia in 4 years

May 19, 2022
Next Post
SpeQtral

SpeQtral raises $8.3m in Xora-led funding round

Discussion about this post

No Result
View All Result

FREE NEWSLETTER

Copyright © 2021 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2021 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo