Inypay raises funds for neobank before launching mid-2023

Singapore-based firm Inypay recently announced that it will be launching its neobank, which has been in development for over 6 months, in Q2 2023. The key focus of the company will be to provide services such as micro-lending, remittances, domestic payments, e-wallets, personalized and communal savings as well as micro-insurance in Southeast Asia.

Inypay’s 30-people team in Singapore, Vietnam, and India is building a digital bank to be launched across five countries. With its data-driven technology and experience-driven design, Inypay’s hyperpersonalised platform is set to become the go-to destination for the blue-collar workers, foreign domestic workers, and micro, small and medium enterprises (MSMEs) in Southeast Asia.