Tagged: singapore

August 5, 2016 @ 8:05 am By JD Alois  |  

Singapore-based peer to peer lender Silver Bullion has shared an update following one year of operation. While Silver Bullion has been in operation since 2009 the company only starting offering secured lending in 2015. Silver Bullion was founded by Gregor Gregersen. Originally from Germany, prior… Read More

August 4, 2016 @ 9:10 pm By Erin Hobey  |  

Earlier this year OCBC Bank launched a fintech co-working space and innovation unit in Singapore and its first accelerator program to identify and collaborate with innovative startups.  Now, a few months later, OCBC Chief Executive Samuel Tsien emphasized the ongoing commitment to welcoming and strengthening… Read More

August 4, 2016 @ 12:28 am By JD Alois  |  

Funding Societies, a Singapore-based “peer to business” lending marketplace, has raised a respectable S$ 10 million in a Series A funding round.  The investment was led by Sequoia India, part of the legendary Sequoia VC group. Funding Societies believes this is the largest investment in… Read More

August 1, 2016 @ 9:18 am By JD Alois  |  

The inaugural Singapore FinTech Festival will bring together a series of distinct FinTech events back-to-back in the week of 14-18 November 2016. Look forward to our Hackcelerator Demo Day, Innovation Lab Crawl, MAS FinTech Awards, FinTech Conference, Tech Risk Conference, RegTech Forum, and a grand… Read More

August 1, 2016 @ 9:07 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) are joining together on the Fintech Awards to be presented at the inaugural Singapore Fintech Festival scheduled for November 2016. Singapore is staking a claim in the Fintech sector and view… Read More

July 28, 2016 @ 9:52 am By Samantha Hurst  |  

This week, crowdfunding platform Kickstarter announced it is making prepares to open its doors for Singapore campaign creators.   Kickstarter is currently available in nearly 20 countries, including the US, Canada, UK, Australia, New Zealand, Ireland, the Netherlands, Sweden, Denmark, Norway, and Spain. Last year alone, the… Read More

July 26, 2016 @ 12:56 pm By Erin Hobey  |  

Singapore-based crowdfunding platform Crowdo received its full Capital Market Services (CMS) license from the Monetary Authority of Singapore (MAS) for securities crowdfunding (SCF) to deliver P2P lending and equity crowdfunding, according to the platform’s blog, reportedly making Crowdo the first and only regional operator that can undertake licensed… Read More

July 21, 2016 @ 1:48 pm By Erin Hobey  |  

Singapore-based P2P online lending platform Validus Capital has partnered with insurance provider EQ Insurance to offer investor protection on some of the financing it provides to small and medium-sized enterprises (SMEs), according to StraightTimes. Validus Capital claims to be the first platform in Singapore to provide investor insurance on its invoice financing services. “We… Read More

July 17, 2016 @ 6:00 pm By JD Alois  |  

FundedHere, a licensed crowdfunding platform based in Singapore that targets start-ups in Southeast Asia and Greater China, has announced it will be assisting SGX listed companies to raise capital via short-term bonds of up to S$5 million each.  FundedHere was the first crowdfunding platform to… Read More

July 15, 2016 @ 1:13 pm By Samantha Hurst  |  

Söderlund International, the company behind the Finland HUONE Hotel, is set to launch a crowdfunding campaign on Invesdor to raise a minimum of €500,000 (max €800,000) as it prepares to open an establishment in Singapore. HUONE, which is located in Helsinki, is dubbed as a meeting and events hotel, which… Read More

July 12, 2016 @ 8:32 pm By Brock Murray  |  

The Monetary Authority of Singapore (MAS) makes its move after public consultations to provide industry direction and safeguards for retail investors. Investment crowdfunding platforms that offer debt or equity opportunities will now have to obtain a license to operate. While many may dispute the pros… Read More

July 11, 2016 @ 9:12 am By Samantha Hurst  |  

Following the success of the third Expo for Property, Investing & Crowdfunding (EPIC) event in Singapore, crowdfunding platform CoAssets announced plans to host a stage inaugural EPIC event in Fuzhou, China. EPIC is described as a 1-day event that informs SMEs and startups on financing option and… Read More

July 4, 2016 @ 12:16 pm By JD Alois  |  

Collaboration and investment platform Fundnel is hosting the first Supply Chain Asia Hackathon Bootcamp in Singapore amidst a “manpower crunch.” The event is described as being in line with Singapore’s Smart Nation initiative designed to increase the adoption of technology in Supply and Logistics, one… Read More

July 2, 2016 @ 8:31 am By JD Alois  |  

According to a report by BBC, United Overseas Bank (UOB) based in Singapore has suspended real estate loans for property in the UK. The UK property market has been one of the hottest markets in the world for the past few years.  Asian investors from… Read More

June 29, 2016 @ 10:55 pm By JD Alois  |  

During a wide-ranging speech this week at the DBS Institutional Investor Symposium, Jacqueline Loh, Deputy Managing Director of the Monetary Authority of Singapore (MAS), made the statement; “As a progressive and innovative financial centre, Singapore has much to offer to global investors in opening the door… Read More

June 26, 2016 @ 11:23 pm By JD Alois  |  

Fundnel, a collaborative crowdfunding investment platform based in Singapore, has formed a partnership with the Business Angel Network Southeast Asia (BANSEA), to pool resources and boost deal flow.  BANSEA ONE, backed by BANSEA and Fundnel, will become a key investor in early stage companies in… Read More

June 22, 2016 @ 12:14 pm By Samantha Hurst  |  

Real estate crowdfunding platform CoAssets (NSX:CAX) announced on Wednesday that it has appointed Chew Siang Chee as its new CIO. Chee is known as winner of Asia’s Best Treasurer at the Corporate Treasurer Marquee Awards 2015 and has expertise in cross-border currency transactions. Chee, commented: “Prior to my… Read More

June 21, 2016 @ 8:21 am By Erin Hobey  |  

Singapore-based private investment firm Shanda Group led Chinese billionaire Tianqiao Chen reported that Chen has raised his stake again in online lending platform Lending Club Corp following the recent ouster of founder and Chief Executive Renaud Laplanche. According to Reuters, Chen increased his Lending Club shares… Read More

June 20, 2016 @ 12:37 pm By JD Alois  |  

  If there is one area of crowdfunding where we consistently hear about unfilled, robust demand, it is Asian money looking to invest in high-quality real estate beyond the borders of their native country. While some real estate markets may be getting a bit hot,… Read More

June 18, 2016 @ 3:42 pm By JD Alois  |  

The Singapore Fintech Consortium and the Fintech Center of Korea, have signed a memorandum of understanding (MOU) to work more closely in support of emerging technology in the financial sector. The Singapore group posted a brief statement on the arrangement; We are pleased to sign… Read More