Nityo has become the largest shareholder in the banking software provider after backing a round at a $600m post-money valuation.

Singapore-based banking technology developer MatchMove received $100m yesterday from IT services firm Nityo Infotech.

Nityo has secured a “significant” equity stake in MatchMove through the deal, becoming the latter’s largest shareholder in the process.

Founded in 2009, MatchMove has built a banking-as-a-service software tool that helps organisations embed financial services into their mobile apps and web platforms.

NTT Investment Partners, a corporate venturing arm of telecommunications firm NTT, participated in a $21m round for the company in September 2020…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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