Singapore’s MatchMove Buys Shopmatic in $200m Deal – ST

Singapore’s MatchMove has acquired e-commerce firm Shopmatic in a $200 million stock-swap deal, the Straits Times reported.

The fintech startup, which helps firms embed services such as remittance, loans and digital payments into their platforms or apps, will own 100% of Shopmatic, the report said.

Read the full report: The Straits Times.

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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