Tech Company Financing Transactions
YouTrip Funding Round
Lightspeed Venture Partners invested in a $50 million funding round for YouTrip. This VC investment round closed on 10/26/2023.
Transaction Overview
Company Name
Announced On
10/26/2023
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Undisclosed
Investors
Lightspeed Venture Partners (Lead Investor)
Proceeds Purpose
The new funding will be used to develop YouTrip's product technology and hire more than 100 new positions for its regional team as it launches in new Southeast Asian markets, including Indonesia, Malaysia, the Philippines and Vietnam.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
140 Robinson Rd.
Singapore, 068907
Singapore
Singapore, 068907
Singapore
Phone
Website
Email Address
Overview
YouTrip is Singapore's first multi-currency mobile wallet with a prepaid Mastercard, that allows you to pay in over 150 currencies with no fees. It also supports in-app exchanges of 10 currencies so you can lock in competitive rates anytime, anywhere.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Caecilia Chu
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We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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