[Updated] SG fintech firm MatchMove’s talks with investors to raise $50m falls through

MatchMove at the Singapore Fintech Festival. Photo: MatchMove

Editor’s note: This story has been updated with further responses from MatchMove that were received on April 9. The complete set of queries that DealStreetAsia sent to MatchMove (prior to publishing the story), and responses by the company’s spokesperson are enclosed. 

Singapore-headquartered fintech firm MatchMove’s talks with potential investors to raise about $45-50 million in funding has fallen through after it failed to secure a digital banking licence from the Monetary Authority of Singapore (MAS), said sources privy to the development.

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