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23 September 2020

MatchMove acquires strategic stake in local digital lender, MoolahSense, to power SME lending

Singapore, 23 September 2020 - MatchMove, the award winning ‘Bank-As-A-Service’ platform has closed an agreement with licensed P2P lender, MoolahSense, to acquire a strategic stake with immediate effect. MoolahSense is one of the leading data-driven peer-to-peer lending platforms focused on SME lending, and operates under a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS).

This acquisition will enable MatchMove to further strengthen its Spend.Send.Lend™ capability and provide access to financing to SMEs within its ecosystem. Consequently, MoolahSense will be able to leverage MatchMove’s integrated regional partner network to tap new segments and extend its capability to fund creditworthy SMEs across Asia.

Access to credit remains a key challenge for SMEs today across the region. While SMEs remain the backbone of the economy, many struggle to achieve scale and optimization, primarily due to lack of credit and funding options from larger, established lenders such as banks. This strategic combination of MatchMove and MoolahSense will directly address this fundamental market demand and facilitate SME development using digital methods of credit evaluation and capital distribution.

Shailesh Naik, Founder and Group CEO of MatchMove commented, “This combination makes perfect sense as we see access to funding as a key enabler for many of our growing clients. With this partnership, we will be able to leverage on MoolahSense’s capability in credit origination and scoring to serve our clients better. Furthermore, there is a natural strategic convergence between our two digital platforms to go-to-market together as a combined offering.” Shailesh will join the Board of Directors of MoolahSense.

Moving forward, MatchMove will be able to originate potential issuers and lenders from its client ecosystem, further enhancing its essential ‘banking-as-a-service’ proposition. MoolahSense will in turn grow its loan portfolio on the back of accessing new segments and structuring new product capabilities.

“We are excited to partner with MatchMove to launch a risk-mitigated "on-tap" credit solution for curated digital ecosystems that fulfills the working capital needs of SMEs. We shall be tuning our "Lending-in-a-Box" into MatchMove’s vision of "Banking-in-any-App" to realize the dreams of many SMEs and reward the decisions of lenders,” said Lawrence Yong, CEO of MoolahSense.

This investment is aligned to MatchMove’s direction to make strategic acquisitions in adjacent and complementary businesses. “This deal will enable us to unlock synergies and further build product and market depth within lending, creating greater utility for and building even longer-term relationships with our clients,” said Nisha Paramjothi, SVP Investments.

About MatchMove

MatchMove is one of the world’s fastest growing and most disruptive fintech companies in digital payments and next-generation banking.

MatchMove’s proprietary Banking Wallet OSTM enables 'Banking-As-A-Service' and the capabilities of Spend.Send.Lend™ within any app. The platform empowers businesses and their customers to Spend both online and offline easily and safely, via instantly issued prepaid cards on major card networks. Its Send capabilities include P2P domestic transfers, cross-border remittances, P2M and mass disbursements to global recipients. MatchMove’s platform further extends to Lend, where credit scores are assigned based on customers’ spending and sending patterns to offer customised lending solutions.

Envisioning a financially inclusive world as it wages war on cash, MatchMove’s solutions help enterprise clients digitise payments and give the financially underserved segments the empowerment to move their money anytime and anywhere.

MatchMove is licensed by the Monetary Authority of Singapore and authorised by leading card networks to issue virtual and physical cards directly to users in approved jurisdictions, or anywhere else in the world with partner banks.

The company has been recognised with international awards for being a promising and an innovative organisation, as well as for being a preferred employer. 

MatchMove is headquartered in Singapore with offices in India, Indonesia, Vietnam and The Philippines. For more information, please visit

About MoolahSense

Founded in 2013, MoolahSense is the first digital lending platform to receive the full Capital Markets Services license from Monetary Authority of Singapore. Since inception, MoolahSense has been marrying Finance and Technology to expand, simplify and speed up access to working capital for SMEs.

MoolahSense strongly believes that the transformation of business lending anchors on digitalization and active intelligence to enable trust and consistency amongst lenders, so that greater depths of capital can be unlocked to spur the growth of small businesses.

Leveraging upon its unique experience and insights in running marketplace lending operations, MoolahSense implements a seamless lending-business-in-box solution in collaboration with ecosystem partners by incorporating the latest technologies such as microservices architecture, blockchain, machine learning and artificial intelligence to not only realise the dreams of small businesses but also provide rewarding decisions for lenders.

For more information, please visit

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