Fundz

YouTrip raised $30M in a Series A funding round led by major Asian family offices to enhance its technological capabilities and expand in Southeast Asia.

PRIVATEAug 15, 2024

Amount Raised

$30 Million

Round Type

Series A

SingaporeFinancial Services

Investors

Prominent Financial Technology Investors

Description

YouTrip, Singapore’s first multi-currency mobile wallet linked with Mastercard, has secured $30 million in Series A funding. The company aims to boost its technological offerings and grow its presence in the region, benefiting from a strong user base and increased transaction volume.

Quick answer

YouTrip raised $30 Million in a Series A round, dated August 15, 2024. Investors: Prominent Financial Technology Investors. YouTrip is based in Singapore.

How much did YouTrip raise?
YouTrip raised $30 Million in a Series A round on August 15, 2024.
Who invested in YouTrip?
Prominent Financial Technology Investors is named as investors in this round.
What does YouTrip do?
But come the first quarter of 2022, the startup will roll out YouBiz, a multicurrency credit card targeting small and medium-sized businesses.
Where is YouTrip based and how big is it?
YouTrip is based in Singapore.

Source: Fundz verified event record.

Who else raised in Financial Services around the same time

Companies in the same sectors as YouTrip that raised within 45 days of this round, from Fundz verified event records.

  • Tamara raised $340M (Series C) on September 29, 2024.
  • Athena raised $18M (Series B) on September 27, 2024.
  • Amerant Bank raised $165M (Post-IPO Equity) on September 27, 2024.
  • Nexi raised $246M (Debt Financing) on September 27, 2024.
  • Parabolic Technologies, Inc. raised $5M (Seed) on September 26, 2024.
  • Fraser Mackenzie Accelerator raised $148K (Pre-Seed) on September 26, 2024.

Who to call at YouTrip, and when

A new round usually means YouTrip is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day YouTrip raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at YouTrip, from your own LinkedIn network

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Company Information

Company

YouTrip

Location

Singapore

About

But come the first quarter of 2022, the startup will roll out YouBiz, a multicurrency credit card targeting small and medium-sized businesses. The company also intends to introduce a virtual card and increase the number of currencies on offer in its consumer card by early next year. In September, the firm said it would double its workforce in Singapore with over 50 new engineering and product hires by 2022. Since then, the company revealed that it has made close to 30 new hires in the country. This was buoyed by an increase in ecommerce activity, a gradual return of travel, and the rollout of its rewards platform YouTrip Perks, the company said.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

YouTrip raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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