The Monetary Authority of Singapore has approved Nityo Infotech's US$100 million investment in MatchMove, marking a strategic partnership aimed at accelerating MatchMove's global growth in the fintech sector.
Information on the Target
MatchMove Pay Pte. Ltd. is a prominent player in Southeast Asia's B2B fintech sector, specializing in Embedded Banking technology. The company's innovative approach has positioned it at the forefront of financial technology, allowing businesses to seamlessly integrate banking services into their operations. The recent approval from the Monetary Authority of Singapore (MAS) for a US$100 million investment from Nityo Infotech Corporation signifies a pivotal moment in MatchMove's growth trajectory.
This investment not only marks the completion of MatchMove’s Series C funding round but also sets the stage for an expansive phase of strategic development and market penetration. With Nityo's backing, MatchMove is well-equipped to explore new products and client sectors while establishing a stronger global presence.
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Industry Overview in the Target’s Specific Country
Southeast Asia's fintech landscape has experienced significant evolution, powered by an increasing demand for digital financial services. Governments and regulatory bodies have been supportive of fintech innovations, reframing
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Disclosed details
Transaction Size: $100M