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Roehl Niño Bautista · · 1 min readSingaporean fintech firm MatchMove gets $100m funding boost from US investor
“Fintech company MatchMove is receiving a US$100 million strategic investment from US-headquartered IT services group Nityo Infotech at a US$600 million post-money valuation, making Nityo the startup’s largest shareholder,” Business Times reported.
Details:
- Nityo will make the investment into through its corporate venture arm Karma Free Capital, which has a US$250 million fund.
- The deal gives MatchMove a staffing resource boost while gaining access to more clients and markets.
Context:
- MatchMove hit a valuation of US$338 million last year after raising US$21 million in funding.
- Headquartered in the US, Nityo’s portfolio includes infrastructure management services, outsourcing, and system integration. It is present in more than 30 countries, including six in Southeast Asia.
Editing by Collin Furtado and Eileen C. Ang
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