\n<\/p>\n
SINGAPORE –\u00a0Media OutReach<\/a>\u00a0–\u00a030
\u00a0<\/p>\n The new capital will supercharge the company’s
\u00a0<\/p>\n Caecilia Chu, YouTrip’s CEO and Co-founder said, “We
\u00a0<\/p>\n “As a company, this latest round also gives us the
\u00a0<\/p>\n Card transaction exceeds US$800
\u00a0<\/p>\n YouTrip has maintained its position as the ‘go-to’
\u00a0<\/p>\n YouTrip’s transaction volume has also rebounded to
\u00a0<\/p>\n B2B payments a promising growth
\u00a0<\/p>\n To advance its growth, YouTrip has set its sights on
\u00a0<\/p>\n Catering to businesses with a global footprint,
\u00a0<\/p>\n Arthur Mak, YouTrip’s Co-founder said, “We’re very
\u00a0<\/p>\n Registration for interest in the product’s beta launch
\u00a0<\/p>\n YouBiz will be rolled out in Singapore in the first
\u00a0<\/p>\n Riding the tailwinds of ecommerce
\u00a0<\/b><\/p>\n Lastly, YouTrip is optimistic about the headroom for
\u00a0<\/p>\n For a more seamless payment experience, YouTrip will
\u00a0<\/p>\n On the travel front, with more VTLs opening and as
[1]<\/sup><\/sup><\/a> YouTrip raised its US$25.5 million Pre Series
YouTrip’s transaction volume
has rebounded to pre-COVID levels, driven by strong traction in cross-border
e-commerce transactions and return of travel spending. Exponential growth is
expected in upcoming months following the opening of more Vaccinated Travel
Lanes in Singapore and progressive return of SEA travel. The latest funding will be used to scale the
neobank’s product …<\/p>\n","protected":false},"author":1,"featured_media":19106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/19105"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=19105"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/19105\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/19106"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=19105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=19105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=19105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nNovember 2021 – <\/b>YouTrip<\/a>, Singapore’s leading neobank
\noffering a multi-currency wallet, announced today that it has raised US$30
\nmillion in its latest Series A round. The round, driven by returning investors
\nfrom major Asian family offices and prominent financial technology investors,
\nwill solidify the fintech firm’s position as the leading neobank in Southeast
\nAsia offering B2B and B2C multi-currency
\npayments. With this, the company has now raised over US$60 million funding in
\ntotal since launch.<\/p>\n
\ntechnological capabilities to bolster its suite of payment products, in
\nparticular entering the adjacent B2B payments space, as well as accelerating
\nits entrance into the wider Southeast Asia. <\/p>\n
\nhave transformed tremendously as a company since our last funding round[1]<\/sup><\/sup><\/a>. From a
\nmobile travel wallet, we have grown to establish a strong foothold in new
\nterritories such as overseas online spending to meet the extraordinary shifts
\nin consumer behaviours. We believe there is untapped potential in cross-border
\npayments, and our market-leading position in this space puts us in a good place
\nto serve more of our users’ payment needs – from travellers, to online
\nshoppers, and now, businesses.” <\/p>\n
\nresources to strengthen our multiple growth engines to stay resilient and
\nwell-primed for expansion into new vistas,” she added. <\/p>\n
\nmillion, exponential growth expected with travel return<\/b><\/p>\n
\ncard for consumers’ multi-currency spending. To date, it has processed over US$800 million card spend globally, with
\nalmost 20 million transactions and over 1.5 million app downloads.<\/p>\n
\npre-COVID levels, driven by strong traction in cross-border e-commerce
\ntransactions and progressive return of travel spending. With the opening of
\nmore Vaccinated Travel Lanes (VTL) in Singapore, transaction volume is forecast
\nto accelerate rapidly especially given upcoming holiday seasons and revenge
\ntravel.<\/p>\n
\nengine<\/b><\/p>\n
\nthe B2B payments ecosystem. The industry, which is expected to be worth
\nUS$150 trillion by 2022[2]<\/sup><\/sup><\/a>, is ripe
\nwith potential, with SMEs showing a strong willingness to adopt digital banking
\nservices, specifically for cross-border payments[3]<\/sup><\/sup><\/a>.
\n<\/p>\n
\nYouTrip’s new corporate credit card, YouBiz<\/b>,
\npromises the best value and best-in-class multi-currency payment experience.
\nThe product offers higher spending limits while transacting at the best
\nexchange rates in 150+ currencies, and credit terms offered to selected
\nbusiness account users. Companies will also be able to issue corporate cards to
\nemployees, with all expenses streamlined into one platform. <\/p>\n
\nexcited about the B2B payments opportunity. It is a segment with a deep market,
\nas companies increasingly operate in a distributed and borderless manner and we
\nexpect their cross-border payment needs to go up. By incorporating our
\ncompany’s core strengths of offering the best exchange rates and an extremely
\neasy to use interface into YouBiz, we help businesses save time and cost, so
\nthat they can focus their energy and efforts in finding growth.” <\/p>\n
\nhas received more than 1,000 sign-ups to date.<\/p>\n
\nquarter of 2022, and with plans to bring it to five other Southeast Asia
\ncountries in the next twelve months. <\/p>\n
\ngrowth and travel resurgence<\/b><\/p>\n
\ngrowth in consumer’s multi-currency payments, driven by the rapid rebound of
\nleisure travel, and the sustained popularity of e-commerce. YouTrip Perks<\/a> – the company’s rewards
\nplatform offering cashbacks and deals from top merchants such as Taobao, Amazon
\nand Singapore Airlines – has recorded a 150% increase in transactions since its
\nlaunch in September. <\/p>\n
\nbe refreshing its app with new features such as a virtual card, an interactive
\nexchange rates dashboard, and the ability to hold more popular currencies in
\ntheir wallet. This will be launched in early 2022. <\/p>\n
\nSingaporeans steadily take flight, YouTrip has also launched its VTL Holiday Away campaign<\/b> today to
\nbring more value to their overseas trips. From today till 31 December, YouTrip
\nusers will get a chance to receive cashback of up to $100 when they pay using
\nYouTrip for overseas spending, reinforcing its proposition as the best overseas
\npayment method in the upcoming travel season. A grand prize of an
\nall-expenses-paid VTL trip worth up to $5,000 will also be awarded to one
\nselected user. For more information on the VTL Holiday Away campaign, please
\nvisit here<\/a>. <\/p>\n
<\/p>\n
\n
\nA funding in 2019<\/p>\n<\/div>\n<\/div><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"