Tagged: singapore

April 1, 2019 @ 10:31 pm By JD Alois  |  

Singapore-based Fintech Koku has raised $2 million in a pre-series A round backed by Jason Zeng, co-founder of Tencent Holdings and founder of Chinese angel investment company Decent Capital. Kokue said it expects to raise USD $10 million in a series A round during the… Read More

March 24, 2019 @ 9:03 pm By Samantha Hurst  |  

PIVOT Fintech Pte. Ltd., the digital wealth management technology services venture backed by Pintec Technology Holdings Ltd. (NASDAQ: PT) and FWD Group, announced last week it has been granted a Capital Markets Services (CMS) license by the Monetary Authority of Singapore (MAS). Launched in 2017 by… Read More

March 21, 2019 @ 6:53 am By JD Alois  |  

Singapore based Fintech InstaReM has announced a partnership with First Data (NYSE: FDC), a global leader in commerce-enabling technology and solutions. The new partnership will combine InstaReM’s digital payments and remittance solution with First Data’s debit processing solution. InstaReM said that by leveraging First Data’s… Read More

March 18, 2019 @ 10:50 pm By JD Alois  |  

InstaReM, a payments platform operating in over 50 countries, has closed on a USD $ 41 million Series C funding round led by Vertex Growth Fund, their first investment in Southeast Asia. James Lee, MD of Vertex Growth Fund, will be joining the Board of… Read More

March 14, 2019 @ 2:47 pm By JD Alois  |  

Katipult Technology Corp. (TSXV:FUND and FRA:K10) a software provider for online investment platforms has helped to launch a new crowdfunding platform Carrington RHT Wealth. The platform is a joint venture (JV) between Singapore based RHT Wealth, an advisory firm, and US-based Carrington Group. RHT Group offers professional… Read More

March 14, 2019 @ 2:34 pm By Cali Haan  |  

The Singapore International Commercial Court (SICC) has ruled that cryptocurrency trade platform Quoine must compensate “electronic market maker” B2C2 for reversing highly advantageous trades that resulted from a software glitch, Business Times reports. The decision was issued Thursday in what is reportedly the first legal… Read More

March 13, 2019 @ 8:55 am By JD Alois  |  

Deutsche Börse, Swisscom and Sygnum are partnering on the creation of a “trusted digital asset ecosystem” to build a platform to provide digital asset issuance, liquidity and banking services. The partnership is indicative of the growing acceptance by mainstream finance regarding the potential of distributed… Read More

March 7, 2019 @ 9:10 pm By Samantha Hurst  |  

OurCrowd, the leading global equity crowdfunding platform, announced on Thursday it has signed an innovation pact with Singapore-based Changi Airport Group (CAG) to source and integrate next-generation technology into one of the world’s most cutting-edge airports. According to OurCrowd, the agreement will span areas such… Read More

March 4, 2019 @ 12:32 am By JD Alois  |  

Blockchain-based payment platform Terra has received an investment from VC Kakao Ventures – an independent subsidiary of South Korea’s internet firm, Kakao. The amount of the investment was not disclosed but was said to fund the expansion and mainstream usage of Terra’s blockchain payment solution… Read More

March 1, 2019 @ 8:52 am By JD Alois  |  

CoAssets (ASX: CA8), a Singapore based Fintech and investment platform that is listed on the Australian Stock Exchange, has reported 6-month results for their 2019 fiscal year (July 2018 to December 2019). Co-Assets states that top line revenue rose 536% to S$5,938,415 versus S$933,238 in… Read More

February 27, 2019 @ 2:09 pm By Samantha Hurst  |  

Singapore-grown fintech Rely recently announced it has raised a seven-figure sum through its pre-Series A funding led by Goldbell Financial Services. Founded in 2017, Rely described itself as a ‘buy now pay later’ service that enables customers to buy what they want today and split the purchase amount… Read More

February 18, 2019 @ 2:31 pm By Samantha Hurst  |  

Personal finance media platform DollarsandSense.sg has acquired the Singapore-based fintech startup, fundMyLife, Reuters has reported. Founded in 2017, fundMyLife describes itself as a platform that intelligently connects consumers with financial advisers based on the financial planning questions that they ask. “fundMyLife connects your financial planning questions to the… Read More

February 7, 2019 @ 9:38 am By Erin Hobey  |  

Last week the NEM.io Foundation made a major move toward transparency and “reboot” of its operating structure after checking the books and seeing “little to no accountability for funds.” “When the new council opened the books on 2018, we saw a lot of talented people… Read More

February 2, 2019 @ 10:09 am By Xu Gao  |  

Xiongan: the New Fintech Hub According to a guideline jointly issued by the Communist Party of China Central Committee and the State Council, Xiongan New Area is set to become a new center for China’s financial innovation. The guidelines said that Xiongan will “take the… Read More

January 31, 2019 @ 3:04 am By Erin Hobey  |  

The NEM.io Foundation, fresh from celebrating its 2M block, announced a much-needed reboot of its operating structure and as part of a newly transparent mission for 2019 after checking the books and seeing “little to no accountability for funds.” Led by newly elected president Alex Tinsman,… Read More

January 29, 2019 @ 11:27 pm By JD Alois  |  

Securitize, Coinstreet Partners, and STO Global-X, a security token exchange platform, have inked a strategic agreement to bring one-stop, end-to-end digital security offering services to the Asian market. Securitize is a compliance platform and protocol for issuing and managing digital securities on the blockchain, including… Read More

January 29, 2019 @ 8:06 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has issued another warning regarding bogus websites promoting fraudulent cryptocurrency investments that are claimed to be supported by the government of Singapore. MAS provided a single example of a fabricated CNBC site that prominently states: “Singapore Officially Backs a… Read More

January 25, 2019 @ 7:18 am By JD Alois  |  

As expected, Huobi Derivative Market (Huobi DM)  has added Litecoin (LTC) to their crypto asset contract service. Traders will now be able to go long or short the crypto. Ripple is next on their list. Huobi is making a big push to become the largest… Read More

January 24, 2019 @ 12:21 pm By JD Alois  |  

Huobi Global has dropped their fees “in order to better serve the needs of institutional and professional traders.” As of yesterday, transaction fees are as low as 0.015% for “makers” and 0.025% for “takers” for very high volume transactions. Before the drop in fees, all… Read More

January 22, 2019 @ 12:00 pm By Zhuling Chen  |  

Make way for the next generation of blockchain crowdfunding Alongside the rise of Bitcoin and other cryptocurrencies, Initial Coin Offerings (ICOs) saw explosive growth in 2017, with more than 1,500 ICOs raising a combined total of over $28 billion in the last two years alone…. Read More