Tagged: singapore

Rules-Based Fund CapBridge Launched to Invest in Private Securities

Singapore-based CapBridge Investment Trust (CIT) is a rules-based investment trust for private securities that has just launched. Recently incubated in the Clearbridge Accelerator in Singapore, the new firm is designed to help companies raise capital globally by driving institutional and accredited money into VC-like investments…. Read More

Monetary Authority of Singapore Relaxes Some Rules to Improve Financing of SMEs

The Monetary Authority of Singapore (MAS) has announced regulatory changes to boost the resilience of finance companies and enhance their ability to provide financing to small and medium-sized enterprises (SMEs). The financial regulator said that some finance companies fill an important niche in providing access… Read More

Singapore Has Just Published a Document on their Next Phase of Growth & Fintech /Alternative Finance Plays a Big Role

Singapore’s Committee on Future Economy (CFE) has identified seven strategies for Singapore’s next stage of growth in its report. Singapore has experienced an enviable period of economic growth and prosperity. The island city-state tmaintains one of the highest standards of living in the world. The… Read More

China-New Zealand Payments Service Latipay Raises $3M

Latipay is an online payments service between China and New Zealand, and it has raised $3 million in Series A funding from Jubilee Capital Management, a Singaporean VC firm.  New Zealand VC firms Tuhua Fund and Zino Fund also participated, according to e27. The company intends to… Read More

Finance Disrupted: Is London’s Fintech Crown Debatable?

The State of Fintech in the United Kingdom. Observers in London see a paradox at the heart of today’s financial technology sector. If Fintech is all about playing the cutting edge and disrupting the mainstream, how come so many Fintech players and commentators obsess so… Read More

MC Payments Gains Control of Genesis Payment Solutions

Singapore-based MC Payments has acquired a controlling stake in Genesis Payment Solutions.  Genesis is a company that is used by Alipay, part of Alibaba, to acquire merchant accounts on its behalf. Genisis helps retailers process payments from Chinese tourists using Alipay – the country’s leading… Read More

Monetary Authority of Singapore Launches Essay Competition on Disruptive Technologies

The Monetary Authority of Singapore (MAS) has launched an essay contest on “The Impact of Disruptive Technologies.” Coming from a securities regulator that theme most certainly includes the impact of Fintech innovation. The essay competition is open to all pre-university students studying in Singapore regardless… Read More

CoAssets Launches New Real Estate Subsidiary for Full Spectrum of Real Estate Services

CoAssets Limited, a Singapore-founded Fintech firm that is listed on the ASX (ASX:CA8), has launched a newly incorporated subsidiary, CoAssets Real Estate (Care) Pte Ltd. CoAssets described the new subsidiary as part of the company’s long-term growth strategy. The new CoAssets subsidiary will provide “a… Read More

Silver & Gold: P2P Lender Silver Bullion Passes $20M in Secured Lending

Silver Bullion is a one of a kind online lender. The peer to peer lending platform based in Singapore is a secured lender that backs up each loan with gold or silver bullion. Launched in mid-2015,  Silver Bullion has just announced it has surpassed S$20… Read More

Top Fintech Stories from Crowdfund Insider during 2016

As one year comes to end it is a good opportunity to reflect on past events. The preceding 12 months have been a momentous period for internet finance including capital formation online. Fintech started as a curiosity that engendered much excitement – and fear for some…. Read More

Credit China FinTech Announces Southeast Asian Headquarters in Singapore

Credit China FinTech Holdings Limited, an integrated fintech service provider in China, announced on Friday it would establish its Southeast Asia headquarters in Singapore by the end of the first quarter of 2017 to speed up the expansion of its business overseas. According to Credit… Read More

Singapore Fintech News: Senjō Group Acquires GVC Holdings’ Kalixa Group

Senjō Group, a global payments operator and fintech investment firm in over 32 countries, entered into an agreement with GVC Holdings PLC to acquire its payments processing business Kalixa Group for a total consideration of €29M payable in cash on completion, subject to a completion accounts adjustment. The total consideration… Read More

SME Crowdfunding Platform Kapital Boost Receives Shariah Pronouncement by FSAC

Singapore-based Kapital Boost, an Islamic SME crowdfunding platform, has received a Shariah pronouncement from the Financial Shariah Advisory & Consultancy (FSAC) on its “Murabaha” crowdfunding structure. Murabaha is an acceptable form of credit sale under Islamic religious law. Financial Shariah Advisory and Consultancy (FSAC) was introduced… Read More

FundedHere & Mediapreneur Join to Help Incubate Singapore Startups

Mediapreneur and FundedHere have formed a strategic partnership to provide seed funding for media-related startups through FundedHere’s crowdfunding platform. The two companies stated that through the partnership, Mediapreneur-supported startups would be listed on FundedHere, which is expected to give them a wider platform to attract capital…. Read More

Senjō Group Invests in Singapore’s B2B Service Tjaar

Senjō Group, a global payments operator and fintech investment firm, announced on Thursday it has formed a partnership and invested $1.2 million in Singapore-based B2B service, Tjaara Pte. Ltd.   Tjaara, or “Marketplace” in Arabic, reportedly acts as a global purchaser to numerous unaligned wholesalers and businesses… Read More

Mambu Selects Chiou-Hao Chan to Set Up New Singapore Office

Mambu, the SaaS banking platform provider, announced the opening of its first office in the APAC region. Mambu’s APAC clients are spread across China and South East Asia as well as Australia and New Zealand, accounting for nearly a third of the company’s total business to date…. Read More

Remittance Service Platforms in Singapore Aim to Lower Costs & Increase Access

Economic migrants rely on remittances to ensure that their families are well off at home and to maintain ties to their home countries.  Fees imposed by big banks and traditional remittance institutions eat into foreign workers’ hard-earned incomes, however, so startups focused on money transfers… Read More

Societe Generale Pens Agreement with Singapore’s Smartkarma: Expect New Equity Research Soon

Societe Generale today announced a new agreement with Smartkarma, an informational online investment platform which focuses on the Asian markets. Under this global agreement, Societe Generale will provide its institutional clients access to a new form of equity research based on demand driven and customised… Read More

Singapore Reaffirms Fintech Collaboration with Shanghai

Jacqueline Loh, Deputy Managing Director of the Monetary Authority of Singapore, delivered a wide-ranging speech today at the 2nd Shanghai-Singapore Financial Forum in Shanghai. Lo acknowledged the opportunities that exist between China and Singapore noting that China may become 1/3 of the world’s economy by… Read More