# MatchMove

> MatchMove is a Singapore-based, MAS-licensed banking-as-a-service (BaaS) company that lets any business embed financial services - accounts, cards, payments and lending - directly into its own app through an API-first platform called Banking Wallet OS. Founded in 2009 by Shailesh Naik, the company markets itself under the tagline 'A Bank in Any App' and has issued more than 4 million cards, processed over US$5 billion in payments, and reaches 200+ payout countries through 100+ enterprise partners.

- **Founded:** 2009
- **Headquarters:** Singapore, Singapore
- **Founders:** Shailesh Naik (Founder & Group CEO), Hsueh Huah Leow (Co-founder)
- **Team size:** ~160 employees
- **Products:** Banking Wallet OS, Card Issuing, Virtual Accounts, Cross-border Payments, SGD FAST
- **Notable:** Issued 4M+ co-branded cards and created 3M+ virtual accounts, Processed US$5B+ in payments (2025) across 200+ payout countries via 100+ partners, MAS-licensed Major Payment Institution and Mastercard/Visa issuer

## Products & services

- **Banking Wallet OS** — Proprietary, MAS-regulated banking-as-a-service platform delivering 'Spend, Send, Lend' capabilities embeddable into any app via API.
- **Card Issuing** — Branded virtual and physical card programs on Visa and Mastercard with just-in-time (JIT) funding controls.
- **Virtual Accounts** — Stored-value ledger and collections system enabling businesses to create and manage multi-currency accounts.
- **Cross-border Payments** — International transfers and remittance reaching 200+ payout countries through 100+ partners.
- **SGD FAST** — Direct instant Singapore-dollar transfer connectivity for real-time domestic settlement.
- **Lending** — Credit and lending solutions where credit scores are informed by customers' spending and sending patterns.
- **Sell (e-commerce)** — Digital commerce and merchant capabilities added through the acquisition of Shopmatic, extending Spend/Send/Lend to 'Sell'.

## Achievements

- Issued 4M+ co-branded cards and created 3M+ virtual accounts
- Processed US$5B+ in payments (2025) across 200+ payout countries via 100+ partners
- MAS-licensed Major Payment Institution and Mastercard/Visa issuer
- 10+ years of continuous PCI DSS compliance; PCI DSS 4.0.1 certified
- Frost & Sullivan 2026 Singapore Embedded Finance Company of the Year
- Frost & Sullivan 2026 Asia-Pacific Cross-Border Payment & Remittance Solution Technology Innovation Leadership
- Acquired Shopmatic in a US$200M deal to add e-commerce ('Sell') capabilities
- Asia Pacific Enterprise Awards 2021 - Fast Enterprise category

## Latest updates

- **2026-02** — MatchMove and Mastercard celebrated a decade of collaboration in embedded finance and financial inclusion.
- **2026** — Received Frost & Sullivan recognitions as Singapore Embedded Finance Company of the Year and for Asia-Pacific cross-border payment innovation.
- **2025** — Platform processed over US$5 billion, issued 4M+ cards and reached 200+ payout countries through 100+ partners.
- **2022** — Acquired Shopmatic in a US$200M deal to combine embedded finance with e-commerce.
- **2021-06** — Closed a US$100M Series D (majority in-kind) with strategic investor Nityo Infotech.

## Links

- Website: https://www.matchmove.com
- LinkedIn: https://www.linkedin.com/company/matchmove
- Twitter/X: https://twitter.com/matchmove
- Facebook: https://facebook.com/MatchMove

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Profile page: https://yespress.io/matchmove
Published by YesPress — https://yespress.io
Last updated: 2026-07-27