YouTrip eyes Asean expansion with US$25.5m pre-Series A funds

SINGAPORE-BASED mobile wallet operator YouTrip bagged US$25.5 million in pre-Series A funding from Asian family offices and venture firm Insignia Ventures Partners, the startup announced on Thursday.

The fresh funding will be used for YouTrip to step out beyond Singapore into the rest of South-east Asia, said its co-founder and CEO Caecilia Chu. She did not elaborate on specific markets eyed at this point. The travel market in South-east Asia represents immense untapped potential for fintechs, said Pachara Lawjindakul, principal at Insignia Ventures Partners.“YouTrip is led by an experienced team of founders and executive team who are perfectly positioned to capitalise on this opportunity.

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