Tagged: singapore

September 23, 2016 @ 10:45 am By Samantha Hurst  |  

With less than a week until its Invesdor campaign comes to an end, Söderlund International’s HUONE Hotel has secured nearly  €475,000. The unusual hotel is seeking a minimum of €500,000 for its new Singapore location. HUONE is described as a meeting and events hotel, which means NO actual bedrooms. Since its launch in 2012, HUONE… Read More

September 21, 2016 @ 2:51 pm By Samantha Hurst  |  

On Tuesday, private investment company Marvelstone Group announced it developed a new fintech hub, called LATTICE80, and will be launching it in Singapore.The company stated that LATTICE80 will be located in the Central Business District (CBD), an area that is notably close to the key financial… Read More

September 20, 2016 @ 5:03 am By Erin Hobey  |  

Singapore-based fintech startup Traderwave is delighted to announce their participation in the Cohort 3 of the MaGIC Accelerator Program. Claiming to be the largest start-up accelerator program in Southeast Asia, this four-month long program began in mid- August 2016, and is scheduled to end on 8 December 2016…. Read More

September 12, 2016 @ 9:23 am By JD Alois  |  

Singapore has a policy objective to become a global Fintech hub and today they are announcing another step in that direction. The Monetary Authority of Singapore (MAS) has joined with the Swiss Financial Market Supervisory Authority (FINMA) to sign an agreement to engender greater cooperation… Read More

September 11, 2016 @ 10:02 pm By JD Alois  |  

Celeno Communications, an Israel-based creator of wifi chips and other technology, has closed a $38 million funding round to fuel company expansion. The round was led by Red Dot Capital Partners – a sister entity of Singapore-based Temasek. Temasek is owned by the government of Singapore and maintains an… Read More

September 5, 2016 @ 8:11 am By Samantha Hurst  |  

Singapore-based crowdfunding platform CoAssets announced on Monday it has officially listed on the Australian Securities Exchange Ltd (ASX). This news comes after the funding portal raised  S$6.72 million (A$6.55 million)1 under its Public Offer at an issue price of S$0.41 (A$0.40) per share. The company revealed… Read More

August 30, 2016 @ 2:51 pm By Samantha Hurst  |  

On Tuesday, crowdfunding giant Kickstarter announced Hong Kong and Singapore project creators may now launch campaigns on its funding portal. This news comes nearly one month after the Kickstarter team revealed their plans for the two countries. ? Creators in Singapore & Hong Kong can… Read More

August 30, 2016 @ 10:18 am By Samantha Hurst  |  

Last week, Hitachi, Ltd. (TSE: 6501, Hitachi) announced it has teamed up with Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) for a blockchain technology project to check digitalization in Singapore. Both companies reported that they had started Proof of Concept (PoC) testing. During the PoC testing,… Read More

August 29, 2016 @ 12:14 pm By JD Alois  |  

Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS, was questioned earlier this month on the policy measures incorporated by the Monetary Authority of Singapore (MAS), in regards to investment crowdfunding. The query came from Ms. Foo Mee Har, an MP from the West… Read More

August 25, 2016 @ 9:21 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has published a consultation paper on a payments regulatory approach. Simultaneously MAS has created a “National Payments Council” to help foster digital payments and the ascension of Fintech. Noting that presently there are multiple regulatory environments and legislation action,… Read More

August 24, 2016 @ 10:01 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has opened its Fintech Innovation Lab which has been given the name Looking Glass @MAS.  The reference to the Looking Glass is a nod to Lewis Caroll’s classic novel “Through the Looking Glass and What Alice Found in There”…. Read More

August 23, 2016 @ 10:37 am By JD Alois  |  

Last week S. Iswaran, Minister for Trade & Industry, made the statement; “FinTech is … a critical differentiator for Singapore to remain a leading financial hub in the region. Our finance and insurance sector has been a key growth contributor in recent years, and the… Read More

August 22, 2016 @ 9:46 am By JD Alois  |  

Singapore-based Robo-advisor Bambu has received USD $400,000 in seed funding. Tigerspike and angel investors from Singapore funded the round. The funding will be used to boost the Bambu team and to build out the product and expand into other regional markets. Bambu is an advisor that offers… Read More

August 19, 2016 @ 10:52 am By Erin Hobey  |  

Financial regulation alterations are underway in order to ensure that electronic payments can be facilitated in Singapore making good on the city-state’s promise that this region is dedicated to becoming a fintech center, according to a release. The Monetary Authority of Singapore (MAS) intends to streamline existing its… Read More

August 16, 2016 @ 10:51 pm By JD Alois  |  

United Overseas Bank (UOB) based in Singapore has embraced the Fintech revolution. Instead of fighting the inevitable, UOB has formed a partnership with one of the most prominent investment crowdfunding platforms around. OurCrowd is based in Jerusalem but they operate across the globe. OurCrowd has just… Read More

August 16, 2016 @ 9:53 pm By JD Alois  |  

United Overseas Bank (UOB) is determined not to be just an observer in the Fintech revolution. UOB has recently begun conducting training sessions with over 100 bankers to update and educate them on alternative finance.  UOB wants its management to be well-versed in the most… Read More

August 12, 2016 @ 2:44 pm By Samantha Hurst  |  

Söderlund International, the company behind the Finland’s HUONE Hotel, officially launched its Invesdor campaign earlier this week to raise €500,000 for its new hotel in Singapore. Within a matter of two days, the initiative successfully secured half of its funding goal. HUONE, which is located in Helsinki, is dubbed as… Read More

August 11, 2016 @ 10:27 pm By JD Alois  |  

Singapore-based crowdfunding platform CoAssets is preparing to list on the Australian Securities Exchange (ASX) later this month. CoAssets is already traded on the NSX (CAX) but the move up to the primary exchange is viewed as enhancing credibility for the investment platform.  CoAssets is already… Read More

August 10, 2016 @ 11:14 am By JD Alois  |  

Fundnel alumni Spark Asia has secured a partnership with  JustKapture in India. Fundnel is a southeast Asia investment crowdfunding ecosystem that funds and mentors Asian startups. Spark Asia was the winner of Fundnel’s “Everyday Ideas” competition last year and was subsequently incubated on Fundnel while receiving pre-seed… Read More

August 7, 2016 @ 10:11 pm By JD Alois  |  

CreditEase, the largest peer to peer lender in China, is boosting its VC team as it continues its global expansion strategy.  A few days back, according to a report in ECNS, CreditEast appointed Anju Patwardhan, previously the Global Chief Innovation Officer at Standard Charter Bank…. Read More