World expertise providers firm Nityo Infotech has invested $100 million in Singapore fintech MatchMove in return for a big fairness stake.
The US-based agency will grow to be the most important shareholder within the firm and plans to speed up the worldwide distribution of its embedded finance platform.
Nityo has presence in 38 nations and claims to serve over 3,000 enterprise shoppers.
MatchMove is a fintech start-up that gives embedded finance software program delivered via a set of open, configurable APIs.
Naveen Kumar, founder and CEO of Nityo, says: “MatchMove has developed and confirmed an unimaginable expertise platform that has the ability to enhance folks’s lives around the globe. We’re very excited to have the ability to present gas for this rocket ship.
“This funding is the muse of our aim to speed up worldwide adoption of embedded digital monetary providers.”
Kumar claims the brand new funding takes MatchMove’s present valuation to $600 million.
Shailesh Naik, founder and CEO of MatchMove, provides: “Nityo brings us all the things we have to develop: government expertise in rising and increasing a world tech firm, thought management, development capital, giant and deep expertise swimming pools around the globe and current relationships with many main organisations.
“This funding is game-changing for MatchMove, as it’s going to instantly give us presence in 38 nations, mixed with an enormous means to execute and ship on the rising world demand for digital funds and embedded finance.”