SC Ventures sells credit card marketplace CardsPal to Singapore traveltech firm utu

SC Ventures sells credit card marketplace CardsPal to Singapore traveltech firm utu

FILE PHOTO: Mastercard Inc. credit cards are displayed in this picture illustration taken December 8, 2017. REUTERS/Benoit Tessier

SC Ventures, Standard Chartered’s fintech investment and venture investment arm, has offloaded its entire stake in CardsPal, a credit card deals marketplace, to Singapore-based traveltech firm utu, according to regulatory filings reviewed by DealStreetAsia.

Edited by: Pramod Mathew