Southeast Asian fintech giant YouTrip is gearing up for regional expansion, backed by a successful funding round that raised US$50 million (1.84 billion baht). The round witnessed participation from new investors, including global venture capital firm Lightspeed.
This Singapore-based multi-currency digital payments platform has managed to amass over US$100 million (3.68 billion baht) in funding since its inception. The newly injected funds will be channelled towards ramping up the company’s product technology, specifically generative artificial intelligence.
YouTrip is also planning to bolster its regional team by hiring over 100 new employees as it prepares to roll out its services in new markets such as Indonesia, Malaysia, the Philippines, and Vietnam.
An imminent change on the horizon is YouTrip’s transition from a physical card to a cardless service….
