Tagged: singapore

October 13, 2022 @ 11:11 am By JD Alois  |  

Pillow, a Singapore-based crypto investment platform that currently reports serving 75,000 users in over 60 countries, has raised an $18 million Series A funding round. The capital injection was led by Accel, Quona Capital, Elevation Capital, and Jump Capital. Pillow notes that Elevation Capital was… Read More

October 10, 2022 @ 9:51 pm By Omar Faridi  |  

Loans worth €14 million were purchased last month, according to an update from Robo.cash. The Robocash team further revealed that 594 people joined the platform. As noted in a blog post, Robo.cash investors earned €600,000, The investment platform has shared a few highlights covering what… Read More

October 9, 2022 @ 3:33 pm By JD Alois  |  

This past week, Singapore MP Yip Hon Weng queried public officials about the risk of money laundering and fraud in the cryptocurrency markets. Singapore has emerged as a top hub for digital asset innovation with some firms moving to the country due to its Fintech-friendly… Read More

October 7, 2022 @ 1:13 pm By Omar Faridi  |  

bolttech, the Singapore-based international insurtech, announced it has completed the acquisition of a majority shareholding in PT Axle Asia, “an established insurance broker in Indonesia.” Axle Asia will “become a subsidiary of bolttech and be subsequently rebranded.” The addition of Axle Asia will “accelerate the… Read More

October 6, 2022 @ 6:39 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) has launched the ESG Impact Hub to spur co-location and collaboration “between Environment, Social, Governance (ESG) Fintech startups and solution providers, financial institutions and real economy stakeholders.” The Hub will also “anchor industry-driven sustainability initiatives such the Point Carbon… Read More

October 5, 2022 @ 11:36 pm By Omar Faridi  |  

On Sept. 28, during the Token2049 event in Singapore, MEXC Exchange officially announced at the MEXC afterparty “M&M Launcher” that its fund was officially “upgraded to M-Ventures and a new management team.” The upgraded M-Ventures is “a comprehensive fund committed to empowering innovations in the… Read More

October 5, 2022 @ 9:16 pm By Omar Faridi  |  

Storepay, which claims to be the first Buy Now, Pay Later (BNPL) financial tech service provider in Mongolia that allows customers to make payments over time without extra fees, has announced the listing of its token, SPC, on LBank. With over 400,000 registered users, two… Read More

October 4, 2022 @ 4:01 pm By JD Alois  |  

Robocash Group has distributed its first six months of 2022, ending June 30, financial results. According to the company, revenue is up by 53.1% to USD$ 214.2 million from USD$ 139.9 million, year over year. The report was reviewed by FBK Grant Thornton and did… Read More

October 3, 2022 @ 11:50 pm By Omar Faridi  |  

Nasdaq (Nasdaq: NDAQ) recently announced a technology agreement with DBS Bank (SGX:D05). DBS will leverage Nasdaq’s technology as they seek “to advance its surveillance capabilities and continue to protect its clients from market abuse.” DBS Bank, a financial services group in Asia, will “leverage Nasdaq… Read More

October 2, 2022 @ 10:53 pm By Omar Faridi  |  

ChainUp, which claims to be one of the leading blockchain technology service providers, celebrated its fifth anniversary on September 25, 2022 at the SKAI – Swissotel the Stamford, with an evening of announcements of new initiatives and partnerships. ChainUp reportedly “introduced its newly appointed Board… Read More

September 28, 2022 @ 1:26 pm By Omar Faridi  |  

Trulioo, a global identity verification company, has expanded to Singapore in response to growing customer demand in the Asia-Pacific (APAC) region. The move allows Trulioo “to directly serve its extensive and expanding enterprise-level APAC customer base.” Steve Munford, CEO of Trulioo, said: “As businesses in… Read More

September 27, 2022 @ 9:10 pm By Omar Faridi  |  

Grab Holdings Limited (NASDAQ: GRAB) announced at its first Investor Day that it is targeting to achieve breakeven on a Group Adjusted EBITDA basis “by the second half of 2024, as it accelerates its path to profitability.” For the second half of 2022, Group Adjusted… Read More

September 27, 2022 @ 3:25 pm By Omar Faridi  |  

DBS (SGX:D05) recently announced that it has rolled out self-directed crypto trading via DBS digibank, enabling wealth clients who are accredited investors “to trade cryptocurrencies on DDEx at their convenience.” This latest move “provides more seamless and hassle-free access to DDEx, one of the world’s… Read More

September 26, 2022 @ 10:41 pm By Omar Faridi  |  

Everimpact are partnering with STACS, a Singapore-based ESG fintech “to provide banks and corporates involved in the carbon market with greater trust and transparency.” Their partnership will “promote data-backed carbon credits with end-to-end traceability.” In the first phase of the project, Everimpact’s Digital carbon tracking… Read More

September 20, 2022 @ 11:57 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the International Financial Services Centres Authority (IFSCA) signed a Fintech Co-operation Agreement (CA) in order “to facilitate regulatory collaboration and partnership in FinTech.” The CA will promote the following: Regulatory Sandbox Collaboration – MAS and IFSCA will “leverage… Read More

September 16, 2022 @ 5:17 pm By Omar Faridi  |  

Lawrence Wong, Deputy Prime Minister and Minster for Finance, and Monetary Authority of Singapore (MAS) Deputy Chairman, launched the Financial Services Industry Transformation Map (ITM) 2025. The ITM 2025 lays out the growth strategies “to further develop Singapore as a leading international financial centre in… Read More

September 14, 2022 @ 3:49 pm By JD Alois  |  

Do Kwon, creator of the failed algorithmic stablecoin TerraUSD and LUNA, is the target of an arrest warrant in South Korea, according to a report. South Korean publication Chosun writes, that Kwon is being pursued by the Seoul Southern District Prosecutor’s Office’s Financial and Securities… Read More

September 14, 2022 @ 1:03 am By Omar Faridi  |  

iLex, a Platform-as-a-Service (PaaS) fintech that designs, builds and operates digital market infrastructures for syndicated loans and private credit, announced the launch of its EMEA operations. The Singapore-based Fintech aims “to increase the liquidity, efficiency, and transparency of both primary and secondary loan markets through… Read More

September 13, 2022 @ 10:42 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX Group) have jointly launched ESGenome, a digital disclosure portal for companies “to report Environmental, Social and Governance (ESG) data in a structured and efficient manner, and for investors to access such data in a consistent… Read More

September 12, 2022 @ 11:24 am By JD Alois  |  

Earlier today, the Monetary Authority of Singapore (MAS) posted a letter addressed Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS. An MP, Derrick Goh, inquired about buy now – pay later (BNPL) activity in the country. Responding to the inquiry, the Minister shared… Read More