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IT services company Nityo Infotech has invested $100 million in Singapore-based fintech firm MatchMove for a significant equity stake.

SINGAPORE: Singaporean fintech company MatchMove Pay said on Thursday it had received a US$100 million investment from US-based IT services ...

Nityo invested US$ 100 million in Singaporean fintech MatchMove in return for a significant equity stake, becoming the largest shareholder.

By Reuters Staff 1 Min Read SINGAPORE, June 10 (Reuters) - Singaporean fintech company MatchMove Pay said on Thursday it had received a $100 million investment from U.S. based IT services provider Nityo Infotech Corp to support efforts to expand its presence to more markets. MatchMove will be valued at $600 million following the deal and Nityo, which operates in 38 countries, will become its largest shareholder, the joint statement said. MatchMove helps companies embed digital financial services into their existing platforms or apps. It has regulatory approval to operate in six countries incl...

Singapura Finance sells stake in Matchmove PowerBank on SG digibank loss MatchMove at the Singapore Fintech Festival. Photo: MatchMove May 25, 2021 Singapore Exchange (SGX)-listed lender Singapura Finance has disposed of all its shares in MatchMove PowerBank, a subsidiary of MatchMove Pay, for $1 million, according to an SGX filing. The shares represented roughly 10% of PowerBank’s share capital. In return, Singapura Finance will receive shares in MatchMove, which increases its shareholding in the firm from 1.6% to 1.9% on a fully diluted basis. The transaction rationale was explained to be...