YouTrip, a Singapore-based fintech that offers multi-currency wallet for consumers and business accounts with corporate cards for SMEs, has its eyes on growth throughout Southeast Asia after landing a Series B led by Lightspeed. The round was $50 million, and brings YouTrip’s total raised to $100 million since it launched in 2018.The new funding will be used to develop YouTrip’s product technology and hire more than 100 new positions for its regional team as it launches in new Southeast Asian markets, including Indonesia, Malaysia, the Philippines and Vietnam. The company is a Major Payment Institution licensed by the Monetary Authority of Singapore, and its services include payments, foreign exchange, remittances and cards.Since its inception five years ago, YouTrip has processed close to $10 billion USD in annualized transaction volume and its e-commerce payment volume has grown 238% in annualized transaction volume since its Series A in 2021.TechCrunch last covered YouTrip in November 2021, when it raised a $30 million Series A led by prominent family offices in Asia who wanted to be unnamed, but were returning investors. Chu tells TechCrunch that YouTrip’s backing by family offices gave it an advantage, because those relationships tend to be very long-term. This time YouTrip made the decision to work with a venture backed company.At the time of our last conversation with Chu two years ago, YouTrip was recovering from the pandemic as travel resumed in Southeast Asia, especially Singapore. It was also preparing for the launch of YouBiz, its corporate card, as more SMBs adopted digital financial services

YouTrip, a digital financial services platform and aspiring neobank, has raised US$ 30 million in Series A funding, according to a company statement.