Wealthtech
Indonesian Investment App Pluang Bags Additional US$55 Million
Pluang, an Indonesian all-in-one fractional investing app, announced that it has raised US$55 million in a funding round led by venture capital firm Accel. This is a follow-on round to its previously announced Series B, pushing its total investment to
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Revolut to Enable Singapore Users to Trade Gold and Silver in 2022
Revolut announced that it will be offering customers gold and silver exposure through the app. [Editorial Note: This article previously stated that Revolut has received approval from MAS to offer commodities, which was incorrect. Revolut has interpreted MAS’ “no objection”
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Revolut Appoints HSBC’s Former Exec to Lead Wealth and Trading Products’ Launch
Challenger bank Revolut announced that it has hired banking veteran Deepak Khanna as its Head of Wealth and Trading effective from today onwards. In his role at Revolut Singapore, Deepak will build and lead the teams that will launch Revolut’s
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MAS Awards Capital Markets Services License to Revolut Singapore
Challenger bank Revolut has obtained a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS). This will allow them to launch its stock trading feature to its customers in Singapore and beyond, giving them the opportunity to
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Singaporeans Rank Financial Stability as Top Stressor
Traveloka recently concluded a wellness survey with Singaporean respondents and uncovered that 51% of the men named financial stability as the top stressor. In Hong Kong, Cigna’s 2020 360 Well-Being Survey revealed that only 15% expected to be able to
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Wealthtech Firm Endowus Secures S$35 Million in Funding
Singaporean digital wealth app Endowus announced it has raised an additional S$35 million (US$27 million) to accelerate its growth across Asia. This brings the company’s total funding this year to S$67 million (US$50 million). The investment by Prosus Ventures and
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Why Cryptocurrencies Should Be Part of Your Company’s Portfolio Diversification
Cryptocurrencies are gaining traction, mainly amongst institutional clients who find themselves embracing a new and rising asset class. Sparrow, a home-grown digital asset specialist, sheds some light on the trends unfurling in the digital assets space. “We observe growing interest
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Indonesian E-Wallet OVO Launches Its First Fixed Income Product
Indonesian digital wallet OVO, has collaborated with financial marketplace Bareksa and Bahana TCW Investment Management to launch its first fixed income product. The Bahana MES Syariah Fund Kelas O is said to be offered exclusively on the OVO app as
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Luno Introduces Exciting New Features for Singapore Customers
“I think it’s time for me to buy some cryptocurrency”. If you’re reading this article, chances are that this thought has occurred to you sometime in the past. Perhaps you acted on it, perhaps you have not. Regardless of this,
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Incomlend Receives Capital Market Service License from MAS
Incomlend Capital, an Incomlend Group company, has received the Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS) to conduct fund management activities. The CMS license allows the company to set up and manage funds and collective
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