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Comments Off on Former DBS bankers back fintech remittance start-up Fintech news, Remittances, Singapore, SME

Former DBS bankers back fintech remittance start-up

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By The Business Times

FORMER DBS bankers are backing a fintech remittance payments start-up.

Singapore financial technology start-up SingX on Thursday said it has launched a cheaper, faster and more convenient online remittance platform which charges consumers a fraction of what they typically pay for overseas money transfers.

Backed by some of the region’s most experienced bankers who have worked for financial institutions such as American Express and DBS Bank, SingX’s foreign exchange platform can help consumers as well as small and medium-sized enterprises save up to 90 per cent of typical remittance charges, it said.

Former DBS managing directors Rajan Raju and Edwin Khoo are shareholders and serve as SingX’s advisors.

First appeared at The Business Times

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