Asian family offices, Insignia bless YouTrip with US$25.5m pre-Series A funding
Singapore
IT MAY seem unconventional for an early-stage startup to receive strong backing from family offices. But YouTrip, a Singapore-based mobile wallet operator, sees this "patient capital" as a strength as it embarks on South-east Asian expansion.
On Thursday, the fintech startup announced US$25.5 million in pre-Series A funding round from "major Asian family offices" alongside venture firm Insignia Ventures Partners.
TRENDING NOW
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Great Eastern goes on the high-net-worth offensive, but don’t call it a pivot
UK PM Starmer resigns; new leader to be in place by September