UBX, the fintech venture fund of the UnionBank of the Philippines, announced that it has expanded its footprint by setting up a new Singapore headquarters.

The new headquarters aims to serve as a bridge for startups looking to enter the Philippines market by partnering with UBX’s ventures.

UBX invests in early-stage startups that add strategic value to the UBX and UnionBank network.

Its portfolio focuses on various in-demand solutions ranging from banking and payments to lending and e-commerce categories created for individuals and businesses.

Cyrus Cruz, who joined UBX Singapore as its Country Head, said in a statement,

“Expanding reach within Asia continues to be an important focus for UBX. We are thrilled to further extend our presence in the region, starting with Singapore – known as the main regional fintech hub of upcoming start-ups and great talents in Asia.

 

UBX has strategically set up an office here to contribute to, and benefit from the established ecosystem. This will not only expand our network, it’ll also help us learn from different companies in the country.”

John Januszczak, the Chief Executive Officer of UBX added,

“We aim to support companies who would like to enter the Philippine market through strategic partnerships leveraging both UBX’s technological expertise and open finance footprint in the Philippines.”

Featured image credit: Edited from Unsplash