Posts From Fintech News Singapore
MAS’ Singapore Fintech Festival 2021 Kicks Into High Gear
The Monetary Authority of Singapore (MAS) announced that the Singapore Fintech Festival (SFF) will take place from 8 to 12 November, as a hybrid digital and physical event. A company limited by guarantee (CLG) will also be incorporated to spearhead
Read More
Huawei Vows To Enable Digital Ecosystem-Based Finance in APAC
Huawei held its first virtual Asia-Pacific Intelligent Finance Summit 2021 with the theme “Accelerate Digital Transformation in Banking, New Value Together” on 29 July 2021. As economies across the Asia-Pacific region continue to recover and rebound, leading banks and financial
Read More
Unpacking the Rise Behind Buy Now Pay Later (BNPL) Schemes
Strong growth in e-commerce has been a catalyst to the boom of buy now, pay later (BNPL) and other alternative payment methods. By 2024, it’s estimated that BNPL arrangements will account for 4.2% of global e-commerce payment methods, according a
Read More
Rapyd Secures US$300 Million From Series E Fundraise To Support Its Expansion Plans
Rapyd, a Fintech-as-a-Service company which provides APIs that helps integrate local payments and fintech capabilities, announced a US$300 million Series E funding round led by Target Global. Joining the round are several new investors including funds managed by Fidelity Management
Read More
Independent Reserve Gets MAS’ First in-Principle Approval for Digital Payment Tokens
Australian cryptocurrency exchange Independent Reserve has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a regulated provider for digital payment token (DPT) services. According to a statement from the Independent Reserve, the firm said that
Read More
9 Fintech Awards and Startup Competitions to Apply for ASAP
Startup competitions are the perfect platform for young and promising startups to gain international exposure, funding and mentorship. During these events, startup founders get to pitch to multiple investors, gain visibility, connect with industry leaders, and get valuable feedback. With
Read More
Bitmain’s Spin-off Matrixport Valued Over US$1 Billion With US$129 Million Fundraise
Matrixport, a digital assets financial services platform that is a spin-off of Bitmain, has closed its US$129 million Series C funding round with a valuation of over US$1 billion two years since its inception. The Singapore-based startup has raised US$129
Read More
DBS and Temasek Launches US$500 Million Debt Financing Platform for Tech Startups
DBS and Temasek announced that they have entered into an agreement to jointly launch a US$500 million growth stage debt financing platform called EvolutionX Debt Capital. Headquartered in Singapore, EvolutionX will provide non-dilutive financing to growth stage technology-enabled companies across
Read More
Cambodian Central Banker Serey Chea Among Select Few Joining AFIN’s Advisory Board
The ASEAN Financial Innovation Network (AFIN) announced the appointment of H.E Serey Chea, Prof. Olayinka David-West as advisors and Latha Ayyar as an independent director to its board. Through their respective roles, they will bring in invaluable expertise in financial
Read More
Mambu Rolls Out Fully Digital Solution for SME Lenders to Fast Track Loan Approvals
Mambu, a SaaS cloud banking platform, has unveiled a fully digital solution for small and medium-sized enterprise (SME) lenders that cuts costs and speeds time to market. The platform provides banks and fintechs with robust, scalable loan management technology as
Read More