# MatchMovePay Pte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/matchmovepay-pte

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.matchmove.com
- Total disclosed funding: $66M
- Latest round: Series B (Feb 8, 2024)
- Investors on record: 10

## About

MatchMovePay Pte Ltd. is a Singapore-based fintech firm specializing in digital payment solutions, offering integrated financial services through its innovative Spend.Send.Lend™ platform.Founded in 2009 and headquartered in Singapore, MatchMovePay Pte Ltd. provides a comprehensive suite of digital payment solutions. The company was co-founded by Amar Abrol, Hsueh Leow, and Shailesh N. Its latest funding round was a Series B in February 2024, raising USD 15.50 mn from investors including Digiasia Bios and KFC Ventures. The firm has completed a total of 4 deals to date.MatchMove's core offerings revolve around Spend.Send.Lend™, which enables businesses to facilitate seamless digital transactions through their proprietary Banking Wallet OS. The company serves a diverse clientele, including e-commerce platforms and retail merchants, with notable clients such as AsiaTop and JustLogin. Their solutions, available in over six countries, ensure compliance with regulations while guaranteeing secure transactions.In 2022, MatchMove generated revenue of USD 6,631,480, while also reporting an EBITDA of USD -36,857,752 for the same year. The company's revenue primarily comes from partnerships and transaction fees associated with its digital payment solutions, including prepaid card services and digital wallets.MatchMove plans to continue its expansion in Asia and beyond, leveraging the recent Series B funding of USD 15.50 mn to enhance product development and market reach. They are expected to launch new features within their Spend.Send.Lend™ platform by the end of 2024, aiming to improve their service offerings and attract more clients. The capital raised will be utilized to support these initiatives, further solidifying their position in the fintech sector.

## Funding rounds

- Series B, Feb 8, 2024, $16M — Digiasia Bios, KFC Ventures
- Series B, May 24, 2021, $22M — Vickers Venture Partners, NTT DOCOMO Ventures, V V Pentafond Pte. Ltd., Iconic World Limited, ZTC Private Markets GmbH, Crystal Loft Group Limited, Singapura Finance
- Series A, Oct 4, 2018, $28M — Vickers Venture Partners, Credit Saison, V V Pentafond Pte. Ltd., Iconic World Limited

## Investors

- Vickers Venture Partners (https://capitalatlas.ai/funds/vickers-venture-partners) — Series A, Series B
- Credit Saison — Series A
- V V Pentafond Pte. Ltd. — Series A, Series B
- Iconic World Limited — Series A, Series B
- NTT DOCOMO Ventures (https://capitalatlas.ai/funds/ntt-docomo-ventures) — Series B
- ZTC Private Markets GmbH — Series B
- Crystal Loft Group Limited — Series B
- Singapura Finance — Series B
- Digiasia Bios — Series B
- KFC Ventures (https://capitalatlas.ai/funds/kfc-ventures) — Series B