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Mobile Payments

YouTrip secures USD 25.5 mln funding

Friday 17 May 2019 | 08:04 AM CET

YouTrip, a Singapore-based multi-currency mobile wallet with a prepaid Mastercard, has raised USD 25.5 million in pre-series A funding.

The funding came from Asian family offices and venture capital company Insignia Venture Partners.

According to e27, the company will use the funding to drive the development of YouTrip’s technical payment infrastructure, to launch new product features, and expand in Southeast Asia.

YouTrip was launched in August 2018 as a multi-currency mobile wallet serving mostly travellers, allowing users to pay in over 150 currencies with no hidden fees. The mobile app allows users to exchange and have a storage for 10 selected currencies in advance through the in-app exchange feature.

YouTrip mobile application works with a linked pre-paid Mastercard, issued by EZ-Link, and can be used to make payments at more than 30 million Mastercard-accepting merchants worldwide.

More: Link
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