YouTrip: Received a $25.5m funding

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YouTrip: Received a $25.5m funding

YouTrip: Singapore-based fintech, received a $25.5 mn to expand its bank offering throughout Southeast Asia

  • The funding led by Insignia Ventures Partners, the Singapore firm from Yinglan Tan
  • The firm following in the footsteps of already established challengers in the West like Monzo and Starling
  • YouTrip has more than 200,000 app downloads and completed more than 1mn transactions for its customers
  • Its debit card covers 150 currencies in the app, but the YouTrip app limited to 10 currencies
  • They offer 0% transaction fees and no cross-border fees, but there are “competitive” exchange rates and a “small” fee for ATM withdrawals
  • The card supported by Mastercard and includes integration with EZ-Link