15 November 2023
[SFF Special] Under the Radar: YouTrip’s co-founder on its Series B funding and aggressive expansion plans to accelerate financial inclusion in ASEAN
You might have heard of Stormtroopers in the Star Wars franchise. But what about YouTroopers?
Well, YouTroopers is a term used to describe globetrotters who use multi-currency mobile wallets and prepaid debit cards by fintech startup YouTrip!
Launched in 2018, YouTrip is a regional financial technology startup that seeks to empower people with a smarter and more convenient way to pay in foreign currency through in-app exchange. Think of it as a money changer, but located within a mobile application.
Besides providing individuals with a hassle-free way to pay in foreign currency through in-app exchanges, the firm also provides individual and SME clients with personal and corporate cards that they can use to spend in stores.
The company raised US$50 million in its latest Series B funding round to invest in technology and innovation, as well as to hire over a hundred workers to launch in new markets across Southeast Asia.
But why is the firm expanding aggressively at this time, and what kind of innovations can we expect on this front?  How will that accelerate financial inclusion in the region?
In this Singapore Fintech Festival edition of Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Arthur Mak, Co-Founder and Chief Product Officer, YouTrip.

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