Tagged: singapore

November 6, 2023 @ 11:53 pm By Omar Faridi  |  

Singapore small business owners are dipping into their personal savings, increasing their prices, and not paying themselves to mitigate rising costs and make a profit, according to a new report from global small business platform Xero. The report titled “Money matters: navigating the impact of… Read More

November 2, 2023 @ 9:56 pm By Michael Wong  |  

Funding Societies (Modalku), a unified small and medium enterprises (SME) digital finance platform in Southeast Asia, has announced raising $7.5 million in debt from Norfund, Development Financial Institution (DFI) operated by the Norwegian government. DFIs have played a significant role in impact investments in Southeast… Read More

October 31, 2023 @ 11:56 pm By Omar Faridi  |  

Fave, a consumer fintech platform in Southeast Asia and India, has announced its participation in the SGQR+ POC led by the Monetary Authority of Singapore (MAS). The SGQR+ POC will be limited “to Districts 16 and 17 of Singapore and showcased during the Singapore FinTech… Read More

October 31, 2023 @ 11:38 am By JD Alois  |  

Yesterday, CI reported that multiple regulators around the world had announced a partnership to collaborate on digital asset, or crypto asset, innovation. The goal is to enable innovation to thrive while protecting investors. The agencies participating in the partnership include the UK Financial Conduct Authority… Read More

October 30, 2023 @ 11:15 am By JD Alois  |  

The Monetary Authority of Singapore (MAS), the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA), and the United Kingdom’s Financial Conduct Authority (FCA) will partner on digital asset innovation, including pilots in fixed income, foreign exchange and asset management products…. Read More

October 30, 2023 @ 6:11 am By Michael Wong  |  

YouTrip, a multi-currency digital payments platform in Southeast Asia, has successfully secured $50 million in its latest Series B fundraising round, according to an announcement. This round was led by Lightspeed, a global venture capital firm and a new investor in YouTrip, propelling the company’s… Read More

October 28, 2023 @ 4:22 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) has initiated a public consultation process as it seeks to revamp the regulatory framework governing fund managers. The proposal aims to disband the existing Registered Fund Management Companies (RFMCs) regime, providing an opportunity for current RFMCs to transition to… Read More

October 22, 2023 @ 12:12 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) signed a cooperation agreement with the Monetary Authority of Singapore (MAS) in Riyadh, in the field of Fintech and innovation. The agreement was signed by Ayman Al-Sayari, Governor of SAMA, and Dr. Vivian Balakrishnan, the Minister for Foreign Affairs of… Read More

October 15, 2023 @ 6:55 pm By Michael Wong  |  

Singapore-based Web3 wallet solution provider Account Labs has announced plans to launch a new wallet that will allow users to access using just a Google account following a successful fundraising of $7.7 million. Account Labs announced that funding round was backed by a number investors… Read More

October 12, 2023 @ 6:08 am By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, introduced its latest product innovations at Stripe Tour Singapore. Stripe products are positioning businesses of all sizes in Southeast Asia “to take advantage of surging consumer demand in the region for online goods and services.” A recent Stripe… Read More

October 11, 2023 @ 8:21 am By Omar Faridi  |  

UnaFinancial, a Singapore-headquartered Fintech group (previously known as Robocash), has teamed up with Velexa, a UK-based wealthtech firm, in order to introduce a digital investing platform in the UAE. UnaFinancial and Velexa revealed that the collaboration aims to leverage Velexa’s expertise in investment tech and… Read More

October 4, 2023 @ 7:42 am By Omar Faridi  |  

Earlier this year, Ripple received in-principle approval of its Major Payments Institution (MPI) license application from the Monetary Authority of Singapore (MAS). Four months on, Ripple is pleased to “announce that its Singapore subsidiary, Ripple Markets APAC Pte Ltd, has secured its full MPI license… Read More

October 3, 2023 @ 11:00 pm By Omar Faridi  |  

Canada has the highest growth rate of fintech adoption across six markets, according to research shared by Tipalti. A new study, conducted by Tipalti, analyzed factors “such as global fintech adoption rates, Google searches for fintech by country and the regions that have the highest… Read More

October 2, 2023 @ 8:41 am By Omar Faridi  |  

Coinbase Singapore has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore. This development, coming after Coinbase’s (NASDAQ:COIN) initial In Principle Approval, amplifies their commitment to the Singapore market, enabling them “to expand their provision of Digital Payment Token services to… Read More

September 30, 2023 @ 3:40 pm By Michael Wong  |  

The Bank for International Settlements (BIS) has successfully completed Project Mariana, a collaborative endeavor with the central banks of France, Singapore, and Switzerland, aiming to explore the potential of wholesale central bank digital currencies (wCBDCs) in cross-border trading and settlement between financial institutions. Developed jointly… Read More

September 29, 2023 @ 5:06 pm By JD Alois  |  

Three Arrows Capital (3AC), a digital asset hedge fund, co-founder Su Zhu has been arrested at the Changi Airport in Singapore, according to multiple reports. 3AC was a catalyst in the crypto collapse of 2022. Things took a dramatic turn for the worse when TerraUSD/LUNA… Read More

September 28, 2023 @ 10:47 pm By Omar Faridi  |  

Currencycloud, the Fintech focused on simplifying business in a multi-currency world, has more than tripled its Chinese customer growth rate across Asia-Pacific since establishing its APAC headquarters in 2021, “with its Chinese client base expanding from four to 12 organisations across the region.” As one… Read More

September 28, 2023 @ 10:08 pm By Omar Faridi  |  

Rapyd, a global fintech firm, announced the expansion of its card acquiring solution to Singapore. This solution, when combined with Rapyd’s core Fintech as a Service platform, equips local businesses with the tools “to elevate their market presence locally and extend their global reach to… Read More

September 26, 2023 @ 9:23 pm By Michael Wong  |  

Funding Societies, also known as Modalku, Southeast Asia’s largest unified SME digital finance platform, has successfully secured $27 million in debt funding, led by private credit financier AlteriQ Global. Multi-family office Aument Capital Partners (ACP) and sustainability-focused fund Orange Bloom also contributed to this funding… Read More

September 26, 2023 @ 8:47 pm By Michael Wong  |  

The Asia Pacific region continues to hold on to its position as the top source of global capital in H1 2023, with Singapore, Hong Kong, and Japan seizing spots among the top five global deployers of capital. Colliers’ recently published Global Capital Markets: Insights &… Read More