Banking Nityo invests $100m in Singapore embedded finance fintech MatchMove

Nityo invests $100m in Singapore embedded finance fintech MatchMove

-

- Advertisment -

Global technology services company Nityo Infotech has invested $100 million in Singapore fintech MatchMove in return for a significant equity stake.

Nityo will become MatchMove’s largest shareholder

The US-based firm will become the largest shareholder in the company and plans to accelerate the global distribution of its embedded finance platform.

Nityo has presence in 38 countries and claims to serve over 3,000 enterprise clients.

MatchMove is a fintech start-up that provides embedded finance software delivered through a suite of open, configurable APIs.

Naveen Kumar, founder and CEO of Nityo, says: “MatchMove has developed and proven an incredible technology platform that has the power to improve people’s lives around the world. We are very excited to be able to provide fuel for this rocket ship.

“This investment is the foundation of our goal to accelerate worldwide adoption of embedded digital financial services.”

Kumar claims the new investment takes MatchMove’s current valuation to $600 million.

Shailesh Naik, founder and CEO of MatchMove, adds: “Nityo brings us everything we need to grow: executive experience in growing and expanding a global tech company, thought leadership, growth capital, large and deep talent pools around the world and existing relationships with many leading organisations.

“This investment is game-changing for MatchMove, as it will immediately give us presence in 38 countries, combined with a massive ability to execute and deliver on the rising global demand for digital payments and embedded finance.”

Read more: Fintech powerhouse: Understanding the rise of Singapore

Latest news

Argentina averts default in debt deal with Paris Club

Argentina has reached a deal to avoid another damaging default by delaying the bulk of a $2.4bn payment due...

Stocks making the biggest moves in the premarket: GameStop, MicroVision, Sanderson Farms & more

Take a look at some of the biggest movers in the premarket:GameStop (GME) – The videogame retailer's stock jumped...

Morgan Stanley will bar workers without Covid vaccinations from most New York offices beginning July 12

Morgan Stanley on Tuesday told its staff that workers and clients who are not vaccinated against Covid-19 will be...
- Advertisement -

Partner Colorado Credit Union names next CEO

Partner Colorado Credit Union in Arvada, Colorado, named Doug Fagan as its next president and CEO.Fagan is succeeding Sundie...

How the Surgery Center of Oklahoma Tapped the Cash Market | G. Keith Smith, MD

G. Keith Smith, MDDr. G. Keith Smith is a board-certified anesthesiologist...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you