Singapore fintech firm MatchMove gets $100 mln funding

Singapura Finance

10/06/2021 03:30

SINGAPORE, June 10 (Reuters) - Singaporean fintech company
MatchMove Pay said on Thursday it had received a $100 million
investment from U.S. based IT services provider Nityo Infotech
Corp to support efforts to expand its presence to more markets. 
    MatchMove will be valued at $600 million following the deal
and Nityo, which operates in 38 countries, will become its
largest shareholder, the joint statement said. 
   MatchMove helps companies embed digital financial services
into their existing platforms or apps. It has regulatory
approval to operate in six countries including India, Indonesia
and Malaysia. 
    Its other investors include Singapore-listed Singapura
Finance  SBDS.SI  and Japan's NTT Investment Partners.

 (Reporting by Chen Lin in Singapore
Editing by Ed Davies)
 ((LinChen1@thomsonreuters.com;))