YouTrip

Children’s accounts allow parents to cap and track spending – including while overseas

It will be the fintech’s third market, after Singapore and Thailand

MULTI-CURRENCY payments platform YouTrip has raised a US$50 million Series B round, as the startup rides the wave of recovery in tourism.

Multi-currency e-wallet YouTrip said on Tuesday (Jun 6) that its server faced an issue which affected its app’s functions for about two hours on Tuesday afternoon.

TRAVEL wallet operator YouTrip found itself in dire straits when tourism took a hit amid the Covid-19 pandemic. Caecilia Chu, co-founder and chief executive officer of YouTrip shared how the startup overcame the crisis by expanding its fintech services, while entering the business-to-business (B2B) space with the launch of its corporate card, YouBiz. 

TWO Singapore fintechs familiar to consumers - YouTrip and SoCash - have made pivots into the business-to-business (B2B) payments segment. This comes as their core businesses have been hit by the pandemic.

YOUTRIP'S layoff of 10 employees in Hong Kong - a third of its workforce there - is part of its efforts to "double down" on South-east Asia, said the startup's chief executive Caecilia Chu.

Fintech startup is adding over 50 roles in engineering and product development to drive new offerings

SINGAPORE'S multi-currency mobile wallet YouTrip has inked a six-year partnership with Visa to accelerate its expansion into the rest of South-east Asia - with an eye on Malaysia and the Philippines as potential markets in the next six to 12 months.