Singapore's BaaS Startup Matchmove, procurement of 100 million dollars from NITYO Infotech in the United States | BRIDGE (Bridge) Technology & Startup Information

American Tech Company NITYO INFOTECH has invested 100 million dollars in MATCHMOVE PAY, a built -in monetary company based in Singapore.With this investment, NITYO will be the largest shareholder of his Matchmove.

The two companies are jointly aiming to ensure that customers can incorporate their own brand digital finance services into their own platforms and apps.

According to the press note, the platforms utilizing these fintech will quickly access multinational companies, small and medium -sized enterprises, families, and individuals to intuitive digital banking products.

Matchmove founder and CEO Shailesh Naik said:

CEO Naveen Kumar, the founder and founder, stated:

Matchmove is a Banking as a Service (BaaS) platform.By using this platform, corporate customers can provide digital payments, remittances, loans, insurance, and investments (small and medium -sized enterprises, families, and individuals) that are safe and compliant of their brands.

Matchmove is operating in Singapore, in India, Indonesia, Malaysia, the Philippines and Vietnam.Matchmove plans to launch programs in Hong Kong, Bangladesh, Malaysia and Thailand by the end of 2021.

According to CRUNCHBASE's data, Matchmove has secured more than 83 million dollars through multiple rounds from NTT DOCOMO Ventures and ICONIC WORLD, prior to NITYO's investment.In September 2019, Matchmove acquired his strategic shares from Singapore's P2P render MoolahSense in a private amount.

NITYO, founded in 2006, has infrastructure management services, outsourcing, system integration, application software development, IT security consulting, cloud computing, data science, big data analytics, industry -specific.It provides services such as product introduction and support, quality assurance and training.

NITYO is operating a business in 38 countries around the world and currently offers services to more than 3,000 companies.

[Via E27] @e27co

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