Home Banking Nityo invests $100m in Singapore embedded finance fintech MatchMove

Nityo invests $100m in Singapore embedded finance fintech MatchMove

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World expertise providers firm Nityo Infotech has invested $100 million in Singapore fintech MatchMove in return for a major fairness stake.

Nityo will change into MatchMove’s largest shareholder

The US-based agency will change into the biggest shareholder within the firm and plans to speed up the worldwide distribution of its embedded finance platform.

Nityo has presence in 38 international locations and claims to serve over 3,000 enterprise purchasers.

MatchMove is a fintech start-up that gives embedded finance software program delivered by means of a collection of open, configurable APIs.

Naveen Kumar, founder and CEO of Nityo, says: “MatchMove has developed and confirmed an unimaginable expertise platform that has the ability to enhance folks’s lives around the globe. We’re very excited to have the ability to present gas for this rocket ship.

“This funding is the muse of our purpose to speed up worldwide adoption of embedded digital monetary providers.”

Kumar claims the brand new funding takes MatchMove’s present valuation to $600 million.

Shailesh Naik, founder and CEO of MatchMove, provides: “Nityo brings us the whole lot we have to develop: govt expertise in rising and increasing a world tech firm, thought management, progress capital, massive and deep expertise swimming pools around the globe and present relationships with many main organisations.

“This funding is game-changing for MatchMove, as it’s going to instantly give us presence in 38 international locations, mixed with an enormous skill to execute and ship on the rising international demand for digital funds and embedded finance.”

Learn extra: Fintech powerhouse: Understanding the rise of Singapore

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