Singapura Finance to get 1.6% stake in MatchMove Pay for US$5m

Singapore

MAINBOARD-listed Singapura Finance will pay US$5 million for a 1.6 per cent stake in the enlarged share capital of homegrown digital payments firm MatchMove Pay.

The finance company's agreement to subscribe for 587,035 Series Bc preference shares in MatchMove, or about US$8.52 per share, will be funded by internal resources and paid for in cash.