YouTrip, “Singapore’s leading multi-currency digital wallet”, has successfully raised $50m in their Series B funding round.
A trailblazer in the FinTech industry, YouTrip made its debut in 2018 with an ambitious vision: to furnish everyone with an intelligent, more convenient method of paying in foreign currencies. Regardless of pandemic-related travel restrictions, the company pivoted to e-commerce, enabling users to continue saving on FX transactions from the safety of their homes. Their user-centric approach also stood out when travel resumed, with many turning to YouTrip as their preferred payment companion for overseas journeys.
The fresh capital is earmarked for some robust plans. YouTrip aims to enhance their user experience by introducing new products and features that mesh well with their current offerings. This is expected to make overseas spending or transactions in foreign currencies even more seamless.
Additionally, a significant portion of the funds will be directed towards technological enhancements, ensuring that their products are both intuitive and reliable. A broader vision of the company encompasses expanding into fresh markets and introducing new wallet currencies, providing users an opportunity to lock in superior FX rates for an extended range of currencies.
YouTrip CEO and Co-Founder Caecilia Chu said, “YouTrip launched in 2018 with the bold vision to empower everyone with a smarter and more convenient way to pay in foreign currency. We achieved tremendous growth despite the pandemic, strengthening our position as the region’s leading digital payment solutions for consumers and businesses. The latest funding round is a testament to our strong potential in the B2C and B2B payment spaces. Thank you for being a part of our journey, and I can’t wait to share with you the exciting plans we have in store for you.”
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