Digibank contender MatchMove takes stake in e-commerce enabler Shopmatic
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Claudia Chong
Singapore
DIGITAL bank licence-contender MatchMove is taking a strategic stake in Shopmatic, a Singapore-based start-up that offers a suite of solutions for companies to start and manage their e-commerce businesses.
MatchMove's founder and group chief executive Shailesh Naik declined to reveal the size of the stake in Shopmatic, but told The Business Times that the deal is worth a few million dollars and will be fully financed through cash.
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