Meet YouTrip, the fintech that allows people to make overseas payments with zero fees. It just raised a $30M Series A.

• Asian family offices and fintech investors led the round. (No sign of Insignia, who led YouTrip's last round.)
• YouTrip has processed 20M transactions and over $800M in card spending.

⌚️ Back to the start

Founded in 2018, YouTrip was built for travelers. Sign up in 3 minutes, and say goodbye to losing $$$ from foreign ATMs and money changers!

• The lowest prices — zero transaction fees, cross-border fees or subscription fees.
• Top up your e-wallet or use your YouTrip card to make payments in 150+ currencies.
• Exchange money with their in-app currency exchange.

It's time for a pivot. International travel isn't so hot these days. Especially with the boom in cross-border payments, YouTrip has put a spin on its offerings.

• Global cross-border payment flows are set to hit $156T in 2022.

🌊 E-commerce

You don't have to be traveling to use YouTrip. Don't waste your hard-earned cash on fees when you make online purchases from foreign stores. Oh, and you can use it for local purchases too.

• Get YouTrip Perks like up to 15% in cash rebates from partners like Taobao, Lazada, Amazon and iHerb.
• YouTrip has seen transactions rise 300% compared to last year and bounce back to pre-COVID levels.

💳 From funding travels to funding businesses

It's launching YouBiz, a multicurrency credit card for SMEs. These business cards will have higher spending limits and credit terms than their regular personal cards.

Why a multicurrency card? Businesses deal with more international companies than ever, and remote companies have employees all over.

🤭 A little crowded in here

YouTrip isn't the first SEA fintech to go into B2B cross-border payments. This is a fintech fight worth watching.

• They're up against: Spenmo ($34M Series A), Aspire ($158M Series B) and Volopay ($2.1M seed).