Tagged: singapore

May 20, 2017 @ 4:08 pm By JD Alois  |  

Mumbai-Singapore based Telr, founded in 2014 by Sirish Kumar and Elias Ghanmen, has received additional funding in a Series B round. Telr received $3 million led by Innovation East Funds.  Telr is a payments gateway, MCA and ecommerce platform that is growing in emerging markets. Telr expects… Read More

May 20, 2017 @ 9:36 am By Jonathan Nieh  |  

According to TechinAsia, StashAway, a Fintech startup based in Singapore focused on providing wealth management, announced it had secured US $2.15 million in funding for its Series A round. StashAway is a software solution for individual investors to manage their investment portfolio. StashAway claims to… Read More

May 17, 2017 @ 1:50 am By JD Alois  |  

CCRManager Pte Ltd, a Fintech company based in Singapore, has launched an online platform for the distribution of trade finance, supply chain finance and working capital assets.  The online platform will enable banks to manage the entire process of distributing trade finance internationally to other… Read More

May 16, 2017 @ 8:54 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has announced the 2nd edition of the Singapore FinTech Festival, to be held in Singapore from 13 to 17 November 2017. The event is organized in partnership with The Association of Banks in Singapore (ABS) and in collaboration with SingEx… Read More

May 9, 2017 @ 12:23 pm By Erin Hobey  |  

Invoice Bazaar, a UAE Fintech supply chain finance platform announced an investment from Shirish Apte, former CEO and Chairman Asia Pacific of Citigroup. Founded last year in Dubai, Invoice Bazaar has now expanded into India and Singapore. “Having seen the business model of many FinTech… Read More

May 9, 2017 @ 7:47 am By Erin Hobey  |  

Singapore-based Senjō Group, a leading privately-held payments platform operator and active Fintech investor, has successfully secured a Payment Institution (PI) license in Lithuania, according to news services. The company received permission from the Bank of Lithuania to acquire Lithuanian payment institution Finolita Unio, thereby gaining access to… Read More

May 3, 2017 @ 1:55 am By Cole Lyons  |  

The Fintech firm InstaReM has recently entered a partnership with Goldfield Money. The two plan to assist migrants by providing them with banking services, along with serving overseas small and medium sized corporations based in Asia. InstaReM, based in Singapore, and Goldfield Money, which is listed… Read More

April 30, 2017 @ 9:35 am By JD Alois  |  

Transferwise is a great service. I know it is great because I am a customer. Awhile back I reached out to my bank (big, multinational, global brand name with a storied history) and told them I needed to quickly transfer some money to an international… Read More

April 28, 2017 @ 8:54 am By Jonathan Nieh  |  

This week, two separate partnerships involving Fintech education were announced in Singapore. Visa announced it has partnered with the Singapore Fintech Association and five local polytechnic schools to nurture future talent through a series of engagements with students from the schools. IBM also announced this week… Read More

April 27, 2017 @ 9:23 pm By Jonathan Nieh  |  

Life insurance startup Singapore Life Pte Ltd announced it has raised over US$50 million in its Series A round of funding. The bulk of the investment came from a subsidiary of China Credit FinTech Holdings Limited, a Hong Kong Stock Exchange-listed company. UK-based investment firm… Read More

April 26, 2017 @ 1:03 am By Jonathan Nieh  |  

According to several reports, fintech in Asia reached record numbers in 2016. Singapore, in particular, has seen huge growth the last few years and has long proclaimed itself as the premier fintech hub in Asia. Some of the reasons why Singapore has been able to establish itself… Read More

April 25, 2017 @ 9:58 am By Samantha Hurst  |  

The National University of Singapore (NUS) School of Computing and the IBM Center for Blockchain Innovation (ICBI), a part of IBM Research, announced on Tuesday they are collaborating to develop a module on fintech, which is set to better equip students with essential knowledge and skill sets in this area…. Read More

April 24, 2017 @ 9:30 pm By Cole Lyons  |  

The Singapore based platform, Woomentum, has announced its plan to expand into the emerging market in Vietnam. Woomentum, founded by Mouna Aouri, is a crowdfunding site that focuses on female entrepreneurs, providing them with support during the most difficult stage of the start-up processes. Their website states:… Read More

April 23, 2017 @ 9:49 pm By JD Alois  |  

DeClout (SGX:5UZ) has launched a new incubator program designed to help local Fintech startups. Announced today, the program has been launched via its wholly-owned subsidiary, DeClout Investments Pte. Ltd. Under its incubation program DeClout will mentor early-stage startups and help them in product development, proof-of-concept,… Read More

April 21, 2017 @ 3:08 pm By JD Alois  |  

This is a special time of the year in Washington, DC. It is the annual Spring Meetings of the IMF and World Bank meaning a diverse group of policymakers and regulators descend upon the US Capitol clogging restaurants and over-booking hotels. This also means there… Read More

April 21, 2017 @ 8:20 am By JD Alois  |  

ASEAN crowdfunding platform CoAssets (ASX: CA8) is pushing into Hong Kong as part of a growth and “internationalization strategy”. CoAssets announced a Memorandum of Understanding this past March. CoAssets announced it has entered into a Share Sale and Purchase Agreement (SPA) with the shareholders of Fintech Pte… Read More

April 18, 2017 @ 8:55 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the United Nations Capital Development Fund (UNCDF) under the ongoing UNCDF’s SHIFT (Shaping Inclusive Finance Transformations) have partnered on a program to increase digital financial services across the ASEAN region. According to MAS, the two entities will explore opportunities… Read More

April 12, 2017 @ 10:44 am By JD Alois  |  

Crowd Genie, a small business lending platform, has received regulatory approval from the Monetary Authority of Singapore (MAS). Crowd Genie was granted a Capital Markets Services (CMS) license from MAS, an important development for the peer to peer lending platform. Crowd Genie has been in… Read More

April 12, 2017 @ 9:36 am By JD Alois  |  

Global economic powerhouse Singapore is tightening its relationship with China as indicated by the 3rd Singapore-Shanghai Financial Forum (SSFF) in Singapore today.  The SSFF is an annual forum that seeks to bring together financial industry participants from Singapore and Shanghai to discuss pertinent market developments and… Read More

April 11, 2017 @ 7:33 am By JD Alois  |  

Singapore-based MoolahSense, a marketplace lending platform, has added invoice financing as a new product line. The new service will allow SMEs to access financing to address short-term capital needs of up to $15,000. For investors, a nominal interest rate of up to 12% may be earned…. Read More