Fintech

YouTrip tops up with $50M to expand

October 26, 2023
Image from YouTrip

Startups and SMEs, want to pay in foreign currencies? Here’s YouTrip, a Singapore-based fintech wallet that lets businesses and customers pay in 150+ currencies with no fees and hidden charges. They just raised a $50M Series B!

Investor check. Lightspeed led the round.

🟪 You(Trip) and I

Travel junkies and digital nomads, this is your ticket to easily making foreign transactions online or offline. No more worrying if your card will work or about massive FX fees!

Spending $$$ is more convenient than ever with their cards, which come in a virtual and physical form. Now, they’re even integrated with Apple Pay!

  • Want to a discount on foreign purchases? Your YouTrip physical and virtual cards are great for foreign online purchase…just make sure you pay in their local currency!
  • They update their exchange rates by the second on the YouTrip App at no markup.

Hello, startups and SMEs. Here’s YouBiz, the company’s corporate card and spend management platform for SMEs, which they launched just last year.

  • With this, you can manage spending and make FX transactions fast.

Shopaholics, rejoice! YouTrip users can get cashback on sites like Lazada and foodpanda, as well as travel booking platforms like Booking.com, Agoda, and Trip.com!

💱 What’s with the $$$?

They’ll invest in more tech to improve their product and expand their regional team as they scale to new markets.

  • Hello, growth! They want to explore current expense management capabilities and introduce new features such as credit lines.
  • Where are they expanding? Indonesia, Malaysia, the Philippines, and Vietnam!

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