Tagged: singapore

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

August 5, 2016 @ 8:36 am By Erin Hobey  |  

Fresh after announcing its foray into Singapore, Kickstarter is expanding to Hong Kong this month, reported the South China Morning Post, aiming to launch by the end of August. A banner greets future backers on Kickstarter’s new Hong Kong website. Two key rivals of Kickstarter already crowdfunding… Read More

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