Nityo Infotech Invests $100M in MatchMove's Embedded Finance Platform

On June 11, 2021, Nityo Infotech announced a $100 million investment in Singapore-based embedded finance fintech MatchMove. The deal made Nityo the largest shareholder in the company. MatchMove operates an embedded finance platform that enables non-financial companies to integrate banking, payments, and lending services via open APIs.

Nityo's investment is designed to accelerate the global distribution and scaling of MatchMove's platform capabilities. The partnership combines Nityo's enterprise IT services reach with MatchMove's BaaS technology stack. The deal highlights the growing appetite for embedded finance infrastructure investments in the APAC region.

Financial terms beyond the $100 million headline figure were not further disclosed. The transaction positions MatchMove to expand its platform into new markets and verticals.