← State of Embedded Finance 2026

Matchmove Pilot Fingerprint Biometric

Can a MAS-licensed BaaS provider become the default embedded finance infrastructure stack for fintechs, digital banks, and enterprises across Asia and the Middle East?

HQSingapore
Total raised$3M+ (debt facility from Fuse Capital)
Latest roundDebt facility, undisclosed date
IndustryInfrastructure / BaaS
The story

MatchMove was founded as a Singapore-based fintech with a mission of making financial services accessible across Asia. Over 15+ years it evolved from a payment enabler to a full-stack BaaS/embedded finance infrastructure provider under the 'A Bank in Any App™' brand, obtaining a MAS Major Payment Institution License and Mastercard Principal Membership. The MMBOS platform now covers card issuing, BNPL, crypto cards, global payouts, corporate expense management, KYC/KYB, and cross-border payments, positioning MatchMove as the underlying infrastructure layer for 100+ enterprise and fintech clients across Asia and the Middle East.

Last 12 months
Product timeline
2020
Piloted fingerprint biometric card (F.CODE Easy) in Asia with Mastercard and IDEMIA, enabling contactless payments without PIN.· card
2022
Partnered with Funding Societies to offer virtual card solutions to MSME clients alongside approved loans.· banking
Regulated entities
Major Payment Institution License
Singapore (MAS)
MatchMove Pay Pte Ltd
Payment Institution License
Multiple Southeast Asian jurisdictions
MatchMove Pay Pte Ltd
The stack
Payments / PSP
Mastercard (self-operated via Principal Membership)FAST (self-operated via direct NFI membership)SWIFT (self-operated)Mastercard Remittance (self-operated)Apple PayGoogle Pay
Banking / BaaS
MatchMove Pay Pte Ltd (in-house)
Card issuing
MatchMove Pay Pte Ltd (in-house) via Mastercard Principal Membership
Lending
BNPL infrastructure (B2B and consumer)Virtual card credit lines for MSMEsBuy Now Pay Later (BNPL) embedded solutions
FX & payouts
SWIFT (self-operated)Mastercard Remittance (self-operated)
Accounting gap: minor