Wealthtech
Digital Wealth Manager Syfe Closes US$18.6 Million in Series A Funding Round
Singapore-based digital wealth manager Syfe announced that it has successfully closed a SG$25.2 million (US$18.6 million) Series A funding round led by fintech venture capital fund Valar Ventures. Other participants in the round include Presight Capital, and existing investor Unbound,
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Razer Fintech and Franklin Templeton Teams up to Design Digital Wealth Tools for the Youth
Franklin Templeton through its Singapore subsidiary, Templeton Asset Management, and Razer Fintech, the financial arm of Razer Inc, announced that they had signed a Memorandum of Understanding to foster a strategic collaboration in digital wealth management innovation, targeting youth and
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DBS Ex-Chief Innovation Officer Neal Cross Recounts His Journey from Banker to Entrepreneur
In just two years of commercial operation, Australian wealthtech startup PictureWealth has grown to more than AUD$2 billion in funds under advice, annualized revenues of AUD$20 million, and a client base of over 40,000 customers. This year only, the fast-growing
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Thailand’s KASIKORNBANK and Lu International Develop Online Wealth Management Platform
KASIKORNBANK and Lu International (Singapore), a subsidiary of China’s retail fintech enterprise Lufax Holding, have recently announced a partnership to establish an online wealth management platform for retail investors in Thailand. The platform named LU Global said it offers customers
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DBS Vickers Powers Ahead With Digitalisation Plans To Double Regional Trading Volume
DBS Vickers (DBSV), the brokerage arm of DBS Bank, continues with digitalisation plans which they said will enable it to double its regional trading volume across its retail and institutional segments by 2025. The brokerage’s shift to digital has been
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Grab Expands Suite of Financial Product to Include Micro-Investment Platform
Grab Financial Group (GFG), the fintech arm of Grab today announced the launch of a suite of financial products. The three main products GFG is launching under their new strategy dubbed as ‘Thrive with Grab’ are a micro-investment platform named
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UOB Launches Robo-Advisor for Retail Investors in Singapore
UOB Asset Management (UOBAM) has launched UOBAM Invest, a robo-advisory mobile app that offers retail investors in Singapore personalised and dynamic investment portfolios. The mobile app is the retail version of the UOBAM Invest online portal, which was first launched
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StashAway Raises $16 Million USD in Its Series C Funding Round Led by Square Peg
Robo advisor operator StashAway announced today the completion of a $16 million USD Series C fundraising round. Square Peg, the largest venture capital fund in Australia, led the round, and Burda Principal Investments, the growth capital arm of German media
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Former Blackrock MD Appointed to Lead Additiv’s Asia Business out of Singapore
additiv announced that it has appointed Kevin Hardy, a former Managing Director at BlackRock and Northern Trust, to head up its Asian operations based out of Singapore. Kevin was the Managing Director, Head of Singapore and Head of ETF and
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Interactive Brokers Group Opens Singapore Office
Interactive Brokers Group, a global brokerage firm, announced the addition of a Singapore entity Interactive Brokers Singapore Pte Ltd and the opening of an office located in the Marina Bay Financial District. With the addition of Singapore, the global brokerage
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