MatchMove: Shopmatic acquired by Singapore's MatchMove at $200 M

MatchMove, a Singapore-based fintech firm, has paid $200 million for the local e-commerce platform Shopmatic. Shopmatic's merchants will be able to take payments using MatchMove's service following the acquisition. Both firms said in a statement that the merged entity will operate under the MatchMove Group moniker for the time being while keeping their own brands. ...