About YouTrip
YouTrip is a company based in Singapore (Singapore) founded in 2018 by Arthur T Mak and Caecilia Chu. It operates as a FinTech, and Commission-Based. YouTrip has raised $105.5 million across 3 funding rounds from investors including Lightspeed Venture Partners and Insignia Ventures Partners. YouTrip offers products and services including YouTrip Card and In-App Exchange. YouTrip operates in a competitive market with competitors including MoneyGram, WorldRemit, Telcoin, Skrill and TNG Digital, among others.
- Headquarter Singapore, Singapore
- Founders Arthur T Mak, Caecilia Chu
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name You Technologies Group (Singapore) Pte Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$105.5 M (USD)
in 3 rounds
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Latest Funding Round
$50 M (USD), Series B
Oct 26, 2023
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Investors
Lightspeed Venture Partners
& 1 more
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Employee Count
Employee Count
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Products & Services of YouTrip
YouTrip offers a comprehensive portfolio of products and services, including YouTrip Card and In-App Exchange. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A multi-currency travel wallet for seamless payments.
Currency exchange service offered within the app.
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Funding Insights of YouTrip
YouTrip has successfully raised a total of $105.5M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $50 million completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $50.0M
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First Round
First Round
(16 May 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series B - YouTrip | Valuation | Lightspeed Venture Partners |
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| Nov, 2021 | Amount | Series A - YouTrip | Valuation |
investors |
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| May, 2019 | Amount | Seed - YouTrip | Valuation | Insignia Ventures Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in YouTrip
YouTrip has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Lightspeed Venture Partners and Insignia Ventures Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Venture capital services and app-based platform requiring JavaScript.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by YouTrip
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - YouTrip
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Youtrip Comparisons
Competitors of YouTrip
YouTrip operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MoneyGram, WorldRemit, Telcoin, Skrill and TNG Digital, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Banking channel for cross border money transfers
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| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Online payments and digital wallet services are facilitated internationally.
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| domain | founded_year | HQ Location |
App-based mobile wallet
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Youtrip
Frequently Asked Questions about YouTrip
When was YouTrip founded?
YouTrip was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is YouTrip located?
YouTrip is headquartered in Singapore, Singapore.
Who is the current CEO of YouTrip?
Caecilia Chu is the current CEO of YouTrip. They have also founded this company.
Is YouTrip a funded company?
YouTrip is a funded company, having raised a total of $105.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $25.5M, raised on May 16, 2019.
What does YouTrip do?
A multi-currency travel wallet and payment solution is offered by YouTrip, focusing on seamless transactions for travelers. Services are extended across 150 countries with support for 12 wallet currencies. Competitive exchange rates and zero foreign exchange fees are provided, alongside features like virtual cards and integration with Apple Pay and Google Pay. Security measures including one-click card locking and 247 monitoring are implemented. Additional perks and cashback offers are made available through partnerships with various brands. The financial technology sector is primarily targeted, catering to both personal and business users.
Who are the top competitors of YouTrip?
YouTrip's top competitors include WorldRemit, MoneyGram and Telcoin.
What products or services does YouTrip offer?
YouTrip offers YouTrip Card and In-App Exchange.
Who are YouTrip's investors?
YouTrip has 2 investors. Key investors include Lightspeed Venture Partners, and Insignia Ventures Partners.
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