Here are the Ten Fintech Firms that Singapore Just Gave S$1.15 Million

industry quality award trophy biocatch-at-fintech-awards-singaporeAs part of the first annual Fintech Festival, Singapore gifted S$1.15 million to ten different Fintech firms. Sponsored by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS), a list of 200 global Fintech firms were narrowed down to 40 finalists. The winners were selected by a panel of 13 judges, representing a cross-section of international and local experts from the private and public sector.

 

Deputy Prime Minister and Chairman of MAS, Tharman Shanmugaratnam, and ABS Chairman, Wee Ee Cheong, presented the awards to the 10 FinTech companies in a ceremony that was attended by more than 1,000 attendees.

 “The MAS FinTech Awards celebrate the spirit of innovation and creativity within Singapore’s financial sector. We were impressed by the technical quality and breadth of the solutions, many of which span multiple business areas. We look forward to seeing how these solutions can redefine and improve the way we experience financial services.” commented Sopnendu Mohanty, Chief FinTech Officer of MAS.

The 10 awardees are:

Award        Company NamePrize
ABS Global FinTech Award1BioCatchS$150,000
MAS FinTech Awards (Singapore Open)21st place – fastacash Pte LtdS$250,000
2nd place – M-DAQ Pte LtdS$100,000
3rd place – Pole Star Space Applications LtdS$50,000
MAS FinTech Awards (Singapore SME)31st place – TookitakiS$150,000
2nd place – Turnkey Lender Pte LtdS$100,000
3rd place – Funding Societies Pte LtdS$50,000
MAS FinTech Awards (Singapore Founder)41st place – CashRunS$150,000
2nd place – AimazingS$100,000
3rd place – FinChat TechnologyS$50,000

 

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