These new roles, across engineering and product development, will drive the development of a new suite of multi-currency products and features.
By 2022, Singapore-based fintech startup, YouTrip, is set to hire over 50 new roles locally, across engineering and product development, for its newly-established innovation lab. The new positions will add to YouTrip’s current headcount of close to 100 across all its locations.
Per the media release, these employees will be crucial in driving the development of a new suite of multi-currency products and features to serve the changing needs of its users, including:
- YouTrip Business, a new multi-currency corporate credit card aimed at helping companies of all sizes save money and time on cross-border payments.
- A digital payment app that features a virtual card, an interactive exchange rates dashboard, exclusive deals, and the ability to hold more foreign currencies in the e-wallet.
Caecilia Chu, Co-Founder and CEO, YouTrip, shared: "Singapore is a special place to us, being the first market where we introduced YouTrip to the world. More importantly, it is also home to a thriving fintech ecosystem and a critical gateway to Southeast Asia’s extremely exciting digital economy.
"We look forward to driving the next generation of cross-border payment innovations, and to help build a stronger pipeline of talents that will fortify Singapore’s position as a global fintech hub," said Chu.
The startup will also be launching a two-year software engineering graduate programme for entry-level engineers in Singapore.
The two-year training initiative will provide entry-level engineers with core knowledge, mentorship and job rotations to master domain and technical expertise valuable for today’s fintech landscape.
According to the YouTrip Cross-border e-commerce study 2021, there was an 84% year-on-year increase in online overseas purchases by Singaporean users from July 2020 to June 2021.
Therefore, with this shift in spending, Chu notes that YouTrip's advancement in innovation to offer a wider suite of multi-currency is timely. "It drives our goal of elevating the cross-border payment experience for our users in Singapore and the region."
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