20th September 2019 – The Singapore-based digital payment startup MatchMove Pay Pte. Ltd. has sealed a “multi-million dollar” deal to acquire a stake in Singapore peer-to-peer lending platform MoolahSense to boost its SME lending capabilities by linking up lenders and borrowers from its own client ecosystem.
MatchMove Pay Pte. Ltd. group chief executive Shailesh N. pointed out the importance of collaboration among fintechs, saying “it only makes sense for both to combine. Rather than trying to build it ourselves, we can tap on MoolahSense’s unique IP and strong branding in the market to facilitate the lending in-house” in his interview with The Business Times.
He also shared his vision: “we want to be the go-to combination for SME lending in the region.”
Congratulations to Singapore FinTech Association (SFA) member MatchMove Pay Pte. Ltd. on achieving this milestone!
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