YouTrip, a neobank offering a multi-currency mobile travel wallet, has raised US$30 million ($41.1 million) in its Series A round.
The round was driven by returning investors from major Asian family offices and prominent financial technology investors, according to YouTrip in a press statement.
The funds raised will solidify the firm’s position as the leading neobank in Southeast Asia offering B2B and B2C multi-currency payments. The capital will also boost the company’s technological capabilities to bolster its suite of payment products. This includes entering the adjacent B2B payments space, as well as driving its entrance into the wider Southeast Asian region.