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Singapore fintech firm MatchMove gets $100 mln funding

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 including India, Indonesia and Malaysia.
Its other investors include Singapore-listed Singapura Finance and Japan’s NTT Investment Partners. (Reporting by Chen Lin in Singapore Editing by Ed Davies) ....

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Italy's Marcolin extends license deal with Guess to 2030

Italy's Marcolin Group has renewed in advance an exclusive license agreement with U.S. apparel retailer Guess for the design, manufacture and sale of Guess and Marciano branded spectacles, the eyewear company said on Thursday. ....

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Adidas invests in Finnish textile recycling firm

German sportswear firm Adidas, which is seeking to increase the proportion of sustainable materials it uses in its products, is investing in Finland's Spinnova, a company that makes textile fibre out of wood or agricultural waste. ....

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UPDATE 2-S.Africa's TFG plans tech hiring spree after sliding to a loss

Firm holds back final dividend (Recasts with new tech hires, Jet standalone homeware stores) ....

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FACTBOX-Japanese companies opening COVID-19 vaccination sites amid slow national rollout

Major Japanese companies are set to open COVID-19 vaccination centres this month, as the country races to speed up inoculations before the start of the Tokyo Olympics in July. ....

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