Tagged: singapore

August 8, 2021 @ 5:27 pm By Omar Faridi  |  

Croatian peer-to-peer lender Robo.cash has shared its performance update for its loan originations made during H1 2021. The Robo.cash team writes in a blog post that as the first half of this year has now passed, they’re pleased to share with you their most recent… Read More

August 3, 2021 @ 9:35 am By Omar Faridi  |  

Digital currency exchange Independent Reserve revealed on Monday (August 2, 2021) that it had acquired an “in-principle approval” letter for a Major Payment Institution License in Singapore from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) “to operate as a regulated… Read More

August 2, 2021 @ 10:47 pm By Omar Faridi  |  

Singapore-based wealth platform iFAST Corporation recently revealed that the Group’s Malaysian division, iFAST Capital, has introduced trading services in US as well as support for Hong Kong-listed securities for Malaysians. The new offerings will reportedly include stocks and exchange-traded funds (ETFs) on FSMOne, its B2C online… Read More

August 2, 2021 @ 10:07 pm By JD Alois  |  

LiquidX says that Coface Singapore Branch has joined its LiquidX 360 digital platform, a marketplace for participants in the trade credit insurance market, including carriers, brokers, and policyholders. According to a release, Coface Singapore is the first carrier in the region to join the platform… Read More

August 2, 2021 @ 10:02 pm By Omar Faridi  |  

Blockchain Association Singapore (BAS) reveals that it has appointed Richard Teng, former CEO at the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), as a member to its Advisory Board. Teng brings extensive experience working in the global financial and Fintech industry across… Read More

August 2, 2021 @ 9:26 pm By Omar Faridi  |  

Singapore-based DBS Bank Ltd (SGX:D05), a multinational banking and financial services corporation with over $330 billion in assets, and Temasek have entered into an agreement to introduce a $500 million growth or early-stage debt financing platform, known as EvolutionX Debt Capital. Based in Singapore, EvolutionX… Read More

July 26, 2021 @ 8:51 pm By Omar Faridi  |  

Xero, a Cloud-powered accounting software application for SMBs, reveals that it has expanded its existing collaboration with UOB (SGX: U11) in order to provide companies with free access to the UOB Start Digital (for those that qualify). This offer will be available via the platform… Read More

July 26, 2021 @ 11:00 am By JD Alois  |  

A recent survey indicates that a whopping 43% of Singaporeans own crypto and 46% plan on purchasing digital assets within the next 12 months. The study conducted by the Independent Reserve Cryptocurrency Index (ICRI) polled 1000 individuals in 2021. This is the first time ICRI… Read More

July 21, 2021 @ 10:21 pm By Omar Faridi  |  

Southeast Asia’s Grab, the developer of a Super App, has decided to extend its partnership with Adyen (AMS: ADYEN), a leading payments platform, in order to enable merchants in Singapore and Malaysia to provide BNPL payment options. Available via the GrabPay wallet, merchants can offer… Read More

July 21, 2021 @ 7:42 am By Omar Faridi  |  

Railsbank, an established global embedded finance solution provider, and Visa (NYSE: V) are joining forces to promote local Fintech services, with Railsbank becoming a Visa Ready Banking Identification Number (BIN) sponsor. This, according to an update shared by Finextra. Through the BIN sponsor program, all… Read More

July 20, 2021 @ 11:01 pm By Omar Faridi  |  

Enjin has reportedly joined the United Nations Global Compact in order to promote sustainability and equality. Enjin says that it is committed to the UN Global Compact corporate responsibility initiative and its principles “in the areas of human rights, labor, the environment and anti-corruption.” Enjin,… Read More

July 15, 2021 @ 11:20 pm By Omar Faridi  |  

Singapore-headquartered financial services tech firm, CrediLinq.Ai, reveals that it has acquired SGD 1.35 million through a new funding round. The Fintech lender says that it plans to transform how credit is underwritten to SMEs using advanced tech solutions that will be integrated within its lending… Read More

July 15, 2021 @ 8:36 pm By Omar Faridi  |  

Singapore-based Syfe, a digital or online wealth management company, has secured SGD 40 million through a Series B round. Syfe‘s investment round has been led by US-headquartered Valar Ventures, the VC fund co-founded by Peter Thiel, which led Syfe’s Series A round and was the… Read More

July 8, 2021 @ 11:21 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and Banque de France (BdF) say the two agencies have successfully completed a test using central bank digital currency (CBDC) for a wholesale cross-border payment and settlement. Both jurisdictions have been known to be experimenting with CBDCs with the… Read More

July 7, 2021 @ 9:01 pm By Omar Faridi  |  

Real-time payments are becoming increasingly common as cash as a payment solution or method for consumers in Southeast Asia, according to research from ACI Worldwide (NASDAQ: ACIW) and YouGov. Three out of five or around 60% of consumers residing in Indonesia, Malaysia, Thailand and Singapore… Read More

July 5, 2021 @ 7:06 pm By Omar Faridi  |  

Contour, a blockchain or distributed ledger tech (DLT)-enabled trade finance network that was previously called Voltron, has established a new innovation lab in Singapore. Contour says it will be working cooperatively with its wide network of banking institutions, corporates and various other ecosystem partners to… Read More

July 4, 2021 @ 3:45 pm By Omar Faridi  |  

Singapore-based Insurtech company Bolttech recently revealed that it has finalized an oversubscribed $180 million Series A round which values the firm at over $1 billion, thus giving it Unicorn status just a year after it began operations. Bolttech’s investment round was led by Activant Capital… Read More

July 4, 2021 @ 3:12 pm By Omar Faridi  |  

Singapore-based Endowus, a Monetary Authority of Singapore (MAS)-approved and licensed digital wealth management platform, reveals that it has acquired an investment from strategic investors UBS AG, Samsung Ventures and Singtel Innov8. The size of the investment has not been disclosed. Venture capital investors Lightspeed Venture… Read More

July 1, 2021 @ 9:23 am By JD Alois  |  

Mintable, an NFT marketplace and platform for creating NFTs, says it has closed on an over-subscribed Series A funding round raising $13 million. The funding saw the participation of Ripple, Animoca Brands, Metapurse, Doug Band, a former advisor to Bill Clinton, and Jon Oringer, founder… Read More

June 29, 2021 @ 9:28 pm By Omar Faridi  |  

Southeast Asia-based Fave, a fast-growing Fintech firm, has introduced its Buy Now, Pay Later (BNPL) service for Singapore and Malaysian markets, offering more than 6 million Fave users with instant access to interest-free credit options. These flexible payment options are available at more than 40,000… Read More