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Hong Kong startup YouTrip raises US$25.5m in pre-Series A

Friday, May 17, 2019


(ComputerWorld HK by Dylan Bushell-Embling) - Hong Kong developed multi-currency mobile wallet YouTrip has raised US$25.5 million in a pre-Series A funding round to help pursue expansion in Southeast Asia.

YouTrip was developed in Hong Kong to be Singapore’s first multi-currency mobile wallet with a prepaid Mastercard. It was developed in partnership with Mastercard and Singapore's largest public transport card issuer EZ-Link.

Designed with travelers in mind, YouTrip allows users to pay in over 150 currencies and to exchange and store 10 selected currencies through an in-app exchange feature.

YouTrip's US$25.5 million funding round was the largest pre Series A funding round for a Hong Kong founded startup,and attracted participating investors including major Asian family offices and venture capital firm Insignia Ventures Partners.

 

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