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265

YouTrip, a challenger bank in Southeast Asia, raises $25.5M for expansion

via TechCrunch

Singapore-based startup YouTrip thinks consumers of Southeast Asia deserve a taste of the challenger bank revolution happening in the U.S. and Europe, and it has raised $25.5 million in new funding to bring its app-and-debit-card service to more parts in the region. (more…)

Banks, Fintech news, InspirAsia, Mobile-first banks, Singapore

May 16, 2019

484

Singapore fintech startup Instarem closes $41M Series C for global growth

via TechCrunch

Singapore’s Instarem, a fintech startup that helps banks and consumers send money overseas at lower cost, has closed a $41 million Series C financing round to go after global expansion opportunities.

The four-year-old company announced a first close of $20 million last November, and it has now doubled that tally (and a little extra) thanks to an additional capital injection led by Vertex Ventures’ global growth fund and South Korea’ Atinum Investment. Crypto company Ripple, which has partnered with Instarem for its xRapid product, also took part in the round, Instarem CEO Prajit Nanu confirmed to TechCrunch, although he declined to reveal the precise amount invested. More broadly, the round means that Instarem has now raised $59.5 million from investors to date. (more…)

Deals, InspirAsia, Remittances, Singapore

March 19, 2019

346

Experian opens Singapore incubator

via Finextra

Experian, the world leader in information services, is further expanding and investing in its innovation facility, Experian X Labs based in Singapore.

The facility serves as Experian’s first incubator and collaboration centre for cutting-edge solutions, aimed at addressing pressing economic and societal issues in India, such as financial inclusion. The Experian X Labs team, comprises of data scientists, product architects and industry innovators.
(more…)

Accelerators/Incubators/Labs, Credit scoring, India, InspirAsia, Singapore

March 8, 2019

2290

MAS to roll out national KYC utility for Singapore

By Finextra

The Monetary Authority of Singapore (MAS) is piloting a national know-your-customer (KYC) utility for financial services, based on the MyInfo digital identity service, jointly developed by the Ministry of Finance and GovTech, the lead agency for digital and data strategy in Singapore. (more…)

Government activities, Hotnews, Singapore

March 24, 2017

1522

Central bank of Singapore wants to set up new framework for investment funds

By  for TechinAsia

The Monetary Authority of Singapore (MAS) continues to make it easier for investors to set up new funds and operate in the city-state. Today it announced it has opened a public consultation on a new corporate structure for investment funds. People can submit their comments on a number of questions posed in the consultation paper. (more…)

Global trends, Government activities, Hotnews, Payment processors/providers/gateways, Singapore

March 23, 2017

1895

Japan’s Largest Bank is Testing Digitized Checks on a Blockchain in Singapore

By CryptoCoins News

The Bank of Tokyo-Mitsubishi UFJ, Japan’s largest bank, has chosen blockchain technology as the core infrastructure toward testing the digitization of checks using Singapore’s Fintech-friendly regulatory sandbox installed by the country’s central bank, the Monetary Authority of Singapore. (more…)

Banks, Blockchain, Fintech news, Singapore

February 20, 2017

1239

New $100m fund allows institutional investors to invest in VC-backed startups

By Tech in Asia

A trust fund that provides growth-stage startups a new way of raising money has launched in Singapore. (more…)

Deals, Fintech news, Singapore

February 16, 2017

1524

Former DBS bankers back fintech remittance start-up

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. (more…)

Fintech news, Remittances, Singapore, SME

February 9, 2017

1318

Singapore’s CXA raises $25 million to develop its health-focused insurance brokerage

By  for TechCrunch

CXA, a Singapore-based startup insurance brokerage — if such a thing can exist — has scooped up $25 million to expand its service that provide policies with a focus on wellness across Asia. (more…)

Deals, Fintech news, Insurance, Singapore

February 8, 2017

1447

Got a burning financial question? This Singapore-based portal aims to address them

By Yon Heong Tung for e27

fundMyLife gives users the freedom to ask financial questions without the need to entertain sales pitches. (more…)

Fintech news, Insurance, Interviews, Singapore

January 26, 2017

5805

Singapore’s FinTech Industry Is on the Way to Global Leadership

By Elena Mesropyan for LTP

“Singapore has established an enviable position as a leading Asian financial technology center with an exciting innovation ecosystem, a great talent pool and fantastic infrastructure. It also boasts a business-friendly environment so it was therefore an obvious winner when considering locations for new headquarters for our global operations,” said, Yoshio Tomiie, Head of Commerce at Senjō Group, a privately held investment firm, at the unveiling of the company’s new global HQ in Singapore. (more…)

AI / Machine Learning / Big Data, Blockchain, Crowdfunding/investing, Cryptocurrencies, Financial Markets / Trading, Fintech news, Hotnews, Insurance, Mobile payments/banking, p2p/online lending, Payment processors/providers/gateways, RegTech, Remittances, Security, Singapore

January 26, 2017

1742

1380

Crowdfunding platform CoAssets incorporates real estate subsidiary

By JACQUELYN CHEOK for The Business Times

COASSETS, a Singapore-founded startup listed on the Australian Stock Exchange, said on Tuesday that it has incorporated a wholly owned subsidiary, CoAssets Real Estate (Care), as part of the company’s growth strategy. (more…)

Crowdfunding/investing, Fintech news, Singapore

January 10, 2017

1885

Here’s how hot fintech got in Asia in 2016

By  for TechInAsia

2016 was the year fintech became legit in Asia. Startups and entrepreneurs have fought in the financial technology trenches long before 2016. But this was the year everyone from big banks to governments started paying attention. (more…)

China, Deals, Fintech news, Global trends, InspirAsia, Marketing Report, Singapore

December 27, 2016

1872

Ironclad contracts: Averspace launches blockchain p2p house renting in Singapore

By Yon Heong Tung for e27

Singapore P2P real estate startup Averspace has announced the launch of a new feature on its mobile app: blockchain-enabled house rentals. (more…)

Blockchain, Fintech news, Singapore

December 21, 2016

3342

6 fintech startups from Asia that excited us in 2016

By  for TechInAsia

Fintech is going strong in Asia as the year draws to a close. According to the Pulse of Fintech Q3 2016 report by global audit and advisory firm KPMG, venture capital funding in Asian financial technology companies increased, reaching US$1.2 billion – outpacing even the US, where VC investment totaled US$0.9 billion. (more…)

About, AI / Machine Learning / Big Data, China, eWallets, Fintech news, India, Japan, p2p/online lending, Payment processors/providers/gateways, Philippines, POS/mPOS and online acquiring, Remittances, Singapore

December 17, 2016

1339

Global Accelerator Startupbootcamp FinTech Lands in Mumbai, Bangalore and New Delhi to Scout FinTech Talent

By LTP

Startupbootcamp Singapore’s FastTrack program provides innovative early stage FinTech startups the opportunity to pitch and gain exposure to industry leaders throughout the India. (more…)

Fintech news, India, InspirAsia, Singapore

December 8, 2016

1452

2C2P is now Diners Club International’s online payment processing partner

By Anisa Menur A. Maulani for e27

Singapore-based payments services company 2C2P today announced that it has signed an agreement with global multipurpose charge card company Diners Club International, a subsidiary of Discover Financial Services and part of the Discover Global Network. (more…)

Fintech news, Payment processors/providers/gateways, Singapore

December 6, 2016

1466

YuuZoo launches e-wallet service YuuWallet

By Soon Weilun for The Business Times

SOCIAL networking, e-commerce and entertainment company YuuZoo Corporation has introduced an electronic wallet service.

(more…)

eWallets, Fintech news, Singapore

December 6, 2016

6661

BAAS.IS, India FinTech, SE Asia Startups and FemTech Discussion at Life.SREDA Event Singapore

By LTP

It was a full house and many people were standing at the back and on the sides of the room. November 14, 2016, was the first day of the Singapore FinTech festival and Life.SREDA hosted a special event to discuss some real challenges of FinTech development in Asia and the steps to be taken towards building a successful FinTech ecosystem. The main topics discussed during the event were Bank-as-a-Service and open API banking as the way to address existing challenges and to make a substantial impact on the success of the FinTech ecosystem. The event saw prominent figures from the FinTech industry share their thoughts along with panel discussions. (more…)

About, Banks, Fintech news, Hotnews, InspirAsia, Singapore

December 2, 2016

1733

Uber rival Grab hits the gas on its digital payments platform in Southeast Asia

By  for TechCrunch

On the face of it, that might not sound like a huge advance but, bear with me, it’s notable. (more…)

eWallets, Fintech news, InspirAsia, Mobile payments/banking, Singapore

November 30, 2016

2445

Singapore’s startups, immigrants get new channel to send money abroad at lower cost

By  for TechInAsia

Indians abroad will send US$65.5 billion home this year, according to a World Bank estimate. That’s slightly lower than the US$69 billion inflow in 2015, but it’s still the largest for any country, followed closely by China. (more…)

Fintech news, Remittances, Singapore

November 30, 2016

1831

How banks in Singapore are supporting entrepreneurs and SMEs

By Yon Heong Tung for e27

As a leading financial hub in Asia, it is no surprise that Singapore is experiencing a surge in innovations in the financial sphere. Coupled with several doom and gloom reports about the republic’s sluggish economic growth, the time to invigorate businesses comes at a very critical juncture. (more…)

Banks, Singapore, SME

November 28, 2016

3646

Which Are the Top 3 Hottest FinTech Hubs Worldwide?

By Elena Mesropyan for LTP

While we have been brushing through the world’s hottest FinTech hubs, we haven’t really looked at them in a comparative manner. Meanwhile, every hub is unique and carries hallmarks of its history of growth and development affected by distinctive forces. Those forces shape unique strengths and weaknesses and determine the course of future development and types of innovations that will be bred in a particular hub. (more…)

Fintech news, Government activities, Hong Kong, Hotnews, Marketing Report, Singapore

November 26, 2016

1260

Blockchain Holds Strong as Fintech Venture Funding Dips In Q3; Rebound Expected

By Elliot Maras for CryptocoinsNews

Blockchain technology continues to command a fair share of venture funding for fintech, one of the hottest venture capital (VC) targets worldwide. While the number of deals and the total value of fintech VC investment ebbed in Q3 2016, activity is expected to rebound in the fourth quarter and in 2017, according to a global analysis of venture fintech funding by KPMG and CB Insights. (more…)

Blockchain, Deals, Fintech news, Global trends, InspirAsia, Singapore

November 21, 2016

1154

Singapore become worst performer in Asia

By StatesTimesReview

All Asian countries posted their latest GDP figures suggesting a gold mine in the region with the exception of Singapore, who posted a -4.1% GDP in its latest quarterly projection. (more…)

Global trends, Government activities, InspirAsia, Singapore

November 20, 2016

1589

Singapore is Shaping Up to Become the Blockchain Center of the World

By Elena Mesropyan for LTP

Singapore is one of the gems of the global financial services industry ecosystem with ~200 banks with total assets of $2 trillion having operational headquarters in Singapore. Global financial institutions like Mastercard, UBS, DBS Bank,OCBC, Wells Fargo and Citigroup are launching their innovation labs and accelerators in Singapore along with significant investments in the ecosystem. (more…)

Blockchain, Fintech news, Government activities, Singapore

November 19, 2016

1150

FlexM raises US$886K to help the unbanked get paid and remit electronically

By Yon Heong Tung for e27

Its virtual wallet allows users to store up to four virtual pre-paid Mastercards (more…)

eWallets, Fintech news, Mobile payments/banking, Remittances, Singapore

November 17, 2016

1025

Christmas comes early as MAS bears gifts on innovation sleigh

By Jamie Lee The Business Times

SINGAPORE will close out the year by rolling out a slew of experiments and plans to boost the efficiency of financial transactions through technology, including the use of digital currency, as the Monetary Authority of Singapore (MAS) makes good on its ambition to build a smart financial centre. (more…)

Banks, Blockchain, Fintech news, Government activities, Singapore

November 17, 2016

1200

Singapore sees Brexit as chance to recruit London’s FinTech talent

By The Business Times

[SINGAPORE] Britain leaving the European Union is opening up an opportunity for Singapore to recruit talent for its ambitious plans to become a leading financial technology hub, said the chief FinTech officer of the city-state’s central bank. (more…)

About, Government activities, news, Singapore

November 16, 2016