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Fintech company MatchMove clarifies that 80% of US$100m funding is in services; cash component comes with conditions
This comes after The Business Times last month reported a delay in Nityo's investment. Sources had told BT that Nityo, an outsourcing company, agreed to invest in the startup only if majority of the funding is in the form of in-kind transactions instead of cash.
Regulatory filings seen by BT in Dec showed that there are certain restrictions on how the cash from Nityo can be used.
