SINGAPORE, June 10 (Reuters) – Singaporean fintech firm MatchMove Pay mentioned on Thursday it had obtained a $100 million funding from U.S. primarily based IT companies supplier Nityo Infotech Corp to help efforts to broaden its presence to extra markets.
MatchMove might be valued at $600 million following the deal and Nityo, which operates in 38 nations, will turn into its largest shareholder, the joint assertion mentioned.
MatchMove helps firms embed digital monetary companies into their present platforms or apps. It has regulatory approval to function in six nations together with India, Indonesia and Malaysia.
Its different traders embrace Singapore-listed Singapura Finance SBDS.SI and Japan’s NTT Funding Companions.
(Reporting by Chen Lin in Singapore Modifying by Ed Davies)
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