Payments fintech YouTrip raises US$50m in Series B round

The firm is gearing up to expand in Indonesia, Malaysia, the Philippines, and Vietnam.

Multi-currency digital platform Youtrip has raised US$50m in its latest Series B fundraising round, led partly by venture capital firm Lightspeed.

With this, YouTrip has raised over US$100m since inception.

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YouTrip plans to invest its new capital in more technologies and expand its regional team with a hundred new talent hires as it launches in new markets across Southeast Asia.

YouTrip aims to expand its regional presence across Indonesia, Malaysia, the Philippines, and Vietnam.