Nityo has become the largest shareholder in the banking software provider after backing a round at a $600m post-money valuation.

Singapore-based banking technology developer MatchMove received $100m yesterday from IT services firm Nityo Infotech. Nityo has secured a “significant” equity stake in MatchMove through the deal, becoming the latter’s largest shareholder in the process. Founded in 2009, MatchMove has built a banking-as-a-service software tool that helps organisations embed financial services into their mobile apps and…

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