Singapore-based fintech YouTrip raises $50M in funding led by Lightspeed

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Singapore-based fintech startup YouTrip has announced that it has raised $50 million in a funding round led by venture capital firm Lightspeed. The company, which offers a multi-currency mobile wallet, plans to use the funds to expand its operations in Southeast Asia.

YouTrip’s mobile wallet allows users to store and spend money in multiple currencies without incurring any foreign exchange fees. The app also offers competitive exchange rates and real-time notifications for transactions.

The funding round will enable YouTrip to enhance its product offerings and accelerate its growth in the region. The company plans to use the funds to hire new talent, invest in technology infrastructure, and expand its customer base.

Since its launch in 2018, YouTrip has gained significant traction in the market, with over 1 million downloads of its app. The company has partnered with major financial institutions and payment networks to provide a seamless and secure experience for its users.

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