Tagged: singapore

May 31, 2021 @ 3:55 pm By Omar Faridi  |  

Financial technology companies UP Fintech (NASDAQ:TIGR), an Asian online brokerage firm focusing on global investors; Sea, a digital commerce business; Huobi Technology, a blockchain-focused company; and Razer, a multinational gaming and financial services provider, were among the firms that have been added to the MSCI global indexes… Read More

May 31, 2021 @ 2:34 pm By Omar Faridi  |  

F10, a leading Fintech startup incubator and accelerator program, has teamed up with Seoul Fintech Lab which is supported by the Seoul Metropolitan Government and K accelerator, a Fintech support center headquartered in Seoul. Through the partnership, both organizations will aim to expand their incubation… Read More

May 31, 2021 @ 10:49 am By Omar Faridi  |  

Singapore-based DBS Bank Ltd (SGX:D05), a multinational banking and financial services corporation with over $330 billion in assets, revealed on Monday (May 31, 2021) that it has priced a SGD 15 million (appr. $11.35 million) digital bond, which marks DBS Digital Exchange’s (DDEx) first security… Read More

May 29, 2021 @ 10:18 pm By Omar Faridi  |  

Croatia’s Robo.cash, a peer-to-peer lending marketplace, reveals that its parent holding company, the Robocash Group, is getting ready for a $5 million bond placement in the coming days. As noted in an update, dated May 27, 2021, by Robo.cash, the Group intends to issue bonds… Read More

May 26, 2021 @ 10:05 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the Mojaloop Foundation revealed on Wednesday (May 26, 2021) that MAS will be joining the Mojaloop Foundation as a Sponsor-level member in order to collaborate on offering the underserved access to “affordable” financial services via digital currency based settlement… Read More

May 25, 2021 @ 11:27 pm By JD Alois  |  

hoolah, a Buy Now Pay Later (BNPL) Fintech, has partnered with BridgerPay – a payments platform that operates in Singapore, Malaysia and Hong Kong. According to a not from the company, hoolah is the first and only BNPL provider in Asia to partner with BridgerPay… Read More

May 21, 2021 @ 7:07 pm By Omar Faridi  |  

Standard Chartered (LON: STAN)  has committed to a Memorandum of Understanding (MoU) with payments company Tazapay in order to provide digital escrow services to buyers and sellers interested in trading globally via Proxtera, a B2B marketplace network. The initiative is Standard Chartered’s very first escrow-as-a-service… Read More

May 20, 2021 @ 9:43 pm By JD Alois  |  

Singapore-based SME finance platform Validus has announced the appointment of Alfred Aloysius as Head of Strategic Alliances. According to Validus, Aloysius has more than 25 years of supply chain experience having previously held management positions as Chief Procurement Officer at SMRT Corporation, and VP of… Read More

May 19, 2021 @ 11:01 pm By Omar Faridi  |  

The developers of decentralized insurance protocol, InsurAce have partnered with Dora Factory,  in order to offer one of the industry’s first IDO (Initial DEX Offering) insurance products on PentaLaunch, an IDO platform that’s reportedly owned by Dora Factory. As mentioned in a release shared with… Read More

May 18, 2021 @ 10:37 pm By Omar Faridi  |  

Deutsche Bank’s Securities Services business in Singapore and Hashstacs (STACS) have reportedly finalized their proof-of-concept (PoC), called Project Benja, on the use of distributed ledger technology (DLT) for crypto-assets and sustainability-related digital bonds. Set in the context of the nascent tokenized securities in the securities… Read More

May 16, 2021 @ 11:48 pm By Omar Faridi  |  

UK-based Paysend, a Fintech firm with the goal to develop the “next generation” of integrated global payment solutions that will save time, money and serve millions, has announced that it will be expanding its operations to the APAC region. Paysend reports reaching over 3.5 million… Read More

May 11, 2021 @ 3:49 pm By Samantha Hurst  |  

  Fintech Unicorn and stealth bank Wise announced on Tuesday it has integrated with Google Pay to allow U.S. users to transfer funds to friends and family in India as well as Singapore. Wise reported that through the integration, all Android and iOS Google Pay users in the U.S. may send… Read More

May 9, 2021 @ 9:24 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS), the central bank and financial regulatory authority of Singapore revealed on May 6, 2021 that it has introduced the sixth edition of the Global Fintech Hackcelerator, with the theme “Harnessing Technology to Power Green Finance.” As mentioned in the… Read More

May 9, 2021 @ 2:30 pm By Omar Faridi  |  

Digital asset firm Gemini reveals that (starting on May 9, 2021) you can now earn as much as 2.25% APY on Dogecoin (DOGE) that’s held at the Gemini cryptocurrency exchange. Gemini clients are now “collectively” earning interest on over $2 billion in loans that have… Read More

May 5, 2021 @ 11:37 pm By Omar Faridi  |  

During the past year, firms have been focused on accelerating their digital transformation strategies in order to maintain operations in a post-COVID environment. Their investments in digital technology have been essential to retaining business and clients. Companies now require the tools to conduct business remotely,… Read More

May 5, 2021 @ 10:04 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), a global payments solution provider, reveals that its Singapore-based business entity has managed to acquire approval from the Monetary Authority of Singapore (MAS). The permit will allow Adyen to perform merchant acquisition services under the Payment Services Act 2019 (PSA). Effective from… Read More

May 3, 2021 @ 10:47 pm By Omar Faridi  |  

CGS-CIMB Securities International, an integrated financial service provider based in Asia, and digital securities platform iSTOX have reportedly issued a short-term debt instrument as digital securities. The SGD 150-million (appr. $112-million) multi-tranche commercial paper will be used to cover operational costs and near-term obligations of… Read More

May 1, 2021 @ 9:25 am By Omar Faridi  |  

Brazil-based investment firm Warren recently revealed that it finalized a BRL 300 million (appr. $55.16 million) funding round that was led GIC, which is Singapore’s sovereign fund that has made other investments in the country’s Unicorns such as Nubank and Hotmart. Warren’s investment round includes… Read More

April 29, 2021 @ 10:11 pm By JD Alois  |  

Zipmex, a Singapore-based digital asset exchange that operates in multiple countries, says it has processed Asia’s first purchase of a Lamborghini using cryptocurrency. According to a release, Jo Chirawat used Zipmex’s mobile app to put a downpayment in Bitcoin on a 2021 Huracán EVO RWD… Read More

April 27, 2021 @ 10:33 pm By JD Alois  |  

Mortgage Master, a mortgage brokering platform, has raised SG$928,000 in a Pre-Series A funding round, according to the company. The investment was led by Woon Young Jeong, along with existing investors, including Bala Swaminathan, former President of Westpac International and Founder of S Cube Capital,… Read More