Led · Equity · Dec 2021

MatchMove provides digital payments and banking solutions as a B2B fintech. The company reports operations in seven markets and says it has added new clients and high‑caliber employees over the past 12 months. MatchMove is pursuing international expansion, targeting the United States, Europe and South America over the next two years. The Monetary Authority of Singapore reportedly approved a strategic investment from Nityo that combines cash and services. MatchMove will integrate Nityo resources to accelerate sales, distribution and product development. Company leadership highlighted ongoing organic and inorganic growth plans and ambitions to scale into a multi‑billion dollar global business. No revenue or valuation figures were disclosed in the article. MatchMove is a Singapore-based digital bank contender that provides e-wallet and embedded payments capabilities. The company has acquired a strategic stake in e-commerce platform Shopmatic to extend its e-wallet into Shopmatic’s merchant ecosystem. MatchMove says the investment will let it access and solve payment pain points for small and medium-sized enterprises digitizing their businesses. The deal positions Shopmatic as a go-to-market partner to scale MatchMove’s platform across a large captive SME base. MatchMove’s move targets integration with Shopmatic’s more than 435,000 e-commerce SMEs and individual entrepreneurs across the region. The company’s near-term focus appears to be expanding payment services distribution through partnerships rather than disclosed direct consumer-banking launches. MatchMove Pay offers cloud-based SaaS solutions that use games, social networking and site gamification to boost revenue, engagement and loyalty for online businesses. The company has also launched the MatchMove Wallet, a mobile payment card platform-as-a-service built in partnership with American Express and supporting MasterCard, Visa, UnionPay and JCB. MatchMove Pay intends to use the new funding to accelerate growth across the South and East Asian region. Leadership is led by CEO Shailesh Naik and COO Hsueh Huah Leow. The company is based in Singapore. The article does not disclose revenue or user metrics.