Saim Yeong Harng, founder and CEO of CardsPal, steps down three months after its acquisition by Utu, a travel fintech company.
- Founded in 2019 with backing from Standard Chartered’s SC Ventures, CardsPal is an app-based lifestyle platform connecting users to credit card, ticket, and payment deals, offering card comparison and cashback services.
- After CardsPal’s $33 million Series B funding in June, Utu acquired the platform to expand in the $9.5 trillion post-pandemic tax-free shopping market.
- Harng announced his departure on LinkedIn, describing the start-up’s four-year journey and expressing confidence in CardsPal’s new owner.
- He thanked his team for their efforts, acknowledged mistakes, and hinted at an exciting new chapter without specifying his next move.