Read on to find out what we plan to do with the latest round of funding to help us strengthen our positioning as a neobank in the B2B & B2C payment space — plus stand the chance to win an all-expenses-paid VTL trip, on us!
In a nutshell, YouTrip is doing well! Not only are we the go-to card for consumer multi-currency spending, we’ve also amassed over 1.5 million app downloads and processed about 20 million transactions across its two markets in Singapore and Thailand to date! But what else does it mean for you — the consumer or the business?
Well, with Vaccinated Travel Lanes paving the way for safe travel to return, the new capital will definitely be used to quicken and sharpen your payments online and overseas. In addition, the funding will supercharge the company’s technological capabilities to bolster its suite of payment products, in particular, entering the adjacent B2B payments space — as well as accelerating its entrance into the wider Southeast Asia!
Youtrip CEO and Co-founder Caecilia Chu
“We have transformed tremendously as a company since our last round of funding. From a mobile travel wallet, we have grown to establish a strong foothold in new territories such as overseas online spending to meet the extraordinary shifts in consumer behaviours,” YouTrip’s CEO and Co-founder Caecilia Chu said.
“We believe there is untapped potential in cross-border payments, and our market-leading position in this space puts us in a good place to serve more of our users’ payment needs – from travellers to online shoppers, and now businesses.
As a company, this latest round also gives us the resources to strengthen our multiple growth engines to stay resilient and well-primed for expansion into new vistas.”
YouTrip VTL Holiday Away
For our consumers, we’ve got more exciting stuff coming up the pipeline for you — with Vaccinated Travel Lanes making leisure travel safe again, we are now working hard to bring the best value for your upcoming travels. This includes the best flight deals, as well as guides to various destinations!
And for that cherry on the pie — we’re excited to share that from 30 November, we’re giving away an all-expenses-paid VTL trip to one lucky YouTrooper, and up to S$100 worth of cashback to each of the first 1000 travellers who makes a transaction with their YouTrip card overseas! Simply click on the button above to be in the running — or find out more here.
Online shoppers, we’re also working hard to expand on our ever-growing merchant list on YouTrip Perks. In just November alone, we’ve onboarded over 12 new merchants that include household names such as Dyson and Taobao! As always, moving forward, we will strive to strike new partnerships with more of the merchants you love, and ensure that YouTrippers will always be able to call first dibs on all the best deals online.
You can also look forward to seeing a refreshed YouTrip app and virtual card by early next year. With such exciting endeavours in our future — we don’t know about you, but we’re feeling 2022!
What’s more, if you’re an aspiring entrepreneur or operating a business with a regional or global footprint looking to save on cross-border fees for your multi-currency payments — YouBiz, our latest upcoming product, is the one for you!
Incorporating our core strengths of offering the best exchange rates and an extremely easy to use interface into YouBiz, we will help businesses — big and small — save money and time on multi-currency payment needs so that you can focus your energy and effort in finding growth. YouBiz will be rolled out in the first quarter of 2022. If you’re interested to be one of the first few to try out our beta programme, register by clicking the button below.
In case you didn’t know, YouTrip is completely free! There are no minimum income requirements, account fall-below fees or annual card membership fees. All you’ll need to do is to download YouTrip to register, wait to get verified and you’ll receive your spanking new YouTrip card in the mail within the next two to three weeks!
If you still haven’t gotten your free YouTrip card yet, use promo code <BLOG5> to sign up and receive a free S$5 in your account.