Roehl Niño Bautista · · 1 min readYouTrip launches Mastercard-powered card for SMEs
Singapore-based neobank YouTrip has launched YouBiz, a Mastercard-powered corporate card for SMEs that promises a 1% cashback on all purchases, without foreign exchange transaction fees.
Businesses can sign up for an account for free and don’t have to pay card fees or maintain a minimum account balance.
Photo credit: YouTrip
The card offers services such as local and domestic transfers, corporate expense management, and credit features. It also allows businesses to transact in nine currencies.
YouBiz will also offer businesses unsecured and collateral-free term loans, which can be disbursed to firms’ accounts within 48 hours of applying. The firm will help link businesses to digital marketing services from Google and travel-related privileges from Agoda, Booking.com, and Qatar Airways.
This launch of the card comes after YouTrip raised US$30 million in a series A funding to further its plans to build a neobank.
See also: Meet the 50 top-funded startups and tech companies in Singapore
Editing by Samreen Ahmad and Arpit Nayak
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