Singapore – FinTech Ranking https://fintechranking.com All You Should Know About Fintech Wed, 24 May 2023 02:40:48 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.15 https://fintechranking.com/wp-content/uploads/2020/03/ftr_favicon2.ico Singapore – FinTech Ranking https://fintechranking.com 32 32 96937361 Singaporean family office to set up digital bank in Bahrain https://fintechranking.com/2023/05/18/singaporean-family-office-to-set-up-digital-bank-in-bahrain/?utm_source=rss&utm_medium=rss&utm_campaign=singaporean-family-office-to-set-up-digital-bank-in-bahrain Fri, 19 May 2023 02:38:00 +0000 http://fintechranking.com/?p=27087 The Whampoa Group, a family office based in Singapore, will open a digital bank in

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]]> The Whampoa Group, a family office based in Singapore, will open a digital bank in Bahrain, the kingdom’s Economic Development Board said on May 18. The Group expects to open the bank by the end of the year and is aiming for a global client base.

The bank will offer digital asset trading, custody and management among digital banking services. According to Bloomberg, the Central Bank of Bahrain has granted the bank “in principle approval” pending fulfillment of all requirements.

Read more: Cointelegraph

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]]> 27087 WhatsApp and Stripe help Singapore businesses accept payments directly in chats https://fintechranking.com/2023/05/08/whatsapp-and-stripe-help-singapore-businesses-accept-payments-directly-in-chats/?utm_source=rss&utm_medium=rss&utm_campaign=whatsapp-and-stripe-help-singapore-businesses-accept-payments-directly-in-chats Tue, 09 May 2023 02:03:00 +0000 http://fintechranking.com/?p=26991 Stripe, a financial infrastructure platform for businesses, today announced a partnership with WhatsApp that allows

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]]> Stripe, a financial infrastructure platform for businesses, today announced a partnership with WhatsApp that allows Singapore businesses to accept payments directly in WhatsApp chats. The new feature is built on Stripe Connect and Stripe Checkout, and enables Singapore customers and businesses to buy and sell directly in WhatsApp without having to go to a website, open another app, or pay in person. Supported payment methods include credit and debit cards, and PayNow, a real-time payment system popular in Singapore.

“Starting today, people in Singapore can pay their local merchants on WhatsApp in just a few taps. This seamless and secure experience will transform the way people and businesses in Singapore connect on WhatsApp,” said Stephane Kasriel, head of fintech at Meta.

Read more: Stripe

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]]> 26991 Singapore, China collaborate on green finance https://fintechranking.com/2023/04/24/singapore-china-collaborate-on-green-finance/?utm_source=rss&utm_medium=rss&utm_campaign=singapore-china-collaborate-on-green-finance Mon, 24 Apr 2023 23:55:00 +0000 http://fintechranking.com/?p=26862 The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) announced the China-Singapore Green

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]]> The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) announced the China-Singapore Green Finance Taskforce (GFTF). The capital needed to transition to a low carbon world is significant, and governments are looking for private sector participation through green finance. With Singapore as a major financial hub in Asia, together they want to improve financing flows between Singapore, China and the region.

The first three work priorities of the initiative include common taxonomies, products and technology. On the technology front, Singapore’s Metaverse Green Exchange and Beijing Green Exchange will pilot digital green bonds and carbon credits. 

Read more: Ledger Insights

Image by eko pramono from Pixabay 

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]]> 26862 Singapore-based neobank Aspire raises $100M from Lightspeed and Sequoia SEA https://fintechranking.com/2023/02/14/singapore-based-neobank-aspire-raises-100m-from-lightspeed-and-sequoia-sea/?utm_source=rss&utm_medium=rss&utm_campaign=singapore-based-neobank-aspire-raises-100m-from-lightspeed-and-sequoia-sea Tue, 14 Feb 2023 18:55:00 +0000 http://fintechranking.com/?p=26424 Aspire, the Singapore-based neobank that wants to become the financial operating system for SMEs, has

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]]> Aspire, the Singapore-based neobank that wants to become the financial operating system for SMEs, has raised an oversubscribed $100 million Series C round. Investors included Lightspeed and Sequoia Capital SEA, along with PayPal, Tencent, LGT Capital Partners and returning investors. 

Founded in 2018 to provide working capital loans for small to medium-sized businesses, Aspire began offering more services, including bank accounts for cross-border businesses, corporate cards, payable and receivable management and automated invoice processing connected to financial management software.

Read more: TechCrunch

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]]> 26424 Sequoia Capital Southeast Asia backs cross-border payments startup Tazapay https://fintechranking.com/2023/02/10/sequoia-capital-southeast-asia-backs-cross-border-payments-startup-tazapay/?utm_source=rss&utm_medium=rss&utm_campaign=sequoia-capital-southeast-asia-backs-cross-border-payments-startup-tazapay Sat, 11 Feb 2023 04:11:00 +0000 http://fintechranking.com/?p=26415 The rise in open banking and payment services like India’s UPI and Singapore’s PayNow means

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]]> The rise in open banking and payment services like India’s UPI and Singapore’s PayNow means lower costs for businesses, as well as new payment options for hundreds of millions of customers in emerging markets who don’t own credit cards. Tazapay was created to combine both card and real-time payment methods as a full-stack service for merchants who sell across borders, so they only need to use one payment platform.

The Singapore-based fintech, which enables cross-border payments in more than 170 markets, announced today that it has raised $16.9 million in Series A funding led by Sequoia Capital Southeast Asia. Other participants included EscapeVelocity, PayPal Alumni Fund and angel investor Gokul Rajaram. Existing investors Foundamental, January Capital, RTP Global and Saison Capital also returned for the round.

Read more: TechCrunch

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]]> 26415 Singapore-Based Neobank Inypay Raising Funds Ahead of Mid-2023 Launch https://fintechranking.com/2023/01/10/singapore-based-neobank-inypay-raising-funds-ahead-of-mid-2023-launch/?utm_source=rss&utm_medium=rss&utm_campaign=singapore-based-neobank-inypay-raising-funds-ahead-of-mid-2023-launch Tue, 10 Jan 2023 16:46:00 +0000 http://fintechranking.com/?p=26258 Singapore-based Inypay announced that it will be launching its neobank, which has been in development

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]]> Singapore-based Inypay announced that it will be launching its neobank, which has been in development for over 6 months, in Q2 2023.

The key focus of Inypay will be micro-lending, remittances, domestic payments, e-wallets, personalised and communal savings as well as micro-insurance in Southeast Asia.

Inypay’s 30-people team in Singapore, India, and Vietnam is building a digital bank to be launched across five countries.

Read more: Fintech News Singapore

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]]> 26258 Singapore’s Newest Digital Bank Trust Officially Launches Today https://fintechranking.com/2022/09/01/singapores-newest-digital-bank-trust-officially-launches-today/?utm_source=rss&utm_medium=rss&utm_campaign=singapores-newest-digital-bank-trust-officially-launches-today Thu, 01 Sep 2022 15:30:00 +0000 http://fintechranking.com/?p=25777 Singapore’s newest digital bank Trust announced its official launch today and launches with a range

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]]> Singapore’s newest digital bank Trust announced its official launch today and launches with a range of products for its customers, comprising a credit card, savings account and family personal accident insurance.

Trust’s shareholders Standard Chartered Bank, FairPrice Group and NTUC Enterprise have invested S$400 million in the digital bank.

Customers with Singpass accounts are able to sign up for a Trust account in a matter of minutes, and use their digital card immediately to generate significant savings.

Read more: Fintech News Singapore

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]]> 25777 GXS Bank Launches First Digital Product In Singapore https://fintechranking.com/2022/08/31/gxs-bank-launches-first-digital-product-in-singapore/?utm_source=rss&utm_medium=rss&utm_campaign=gxs-bank-launches-first-digital-product-in-singapore Wed, 31 Aug 2022 19:44:00 +0000 http://fintechranking.com/?p=25779 c on Wednesday, almost two years after it was awarded a digital banking license from

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]]> c on Wednesday, almost two years after it was awarded a digital banking license from the Monetary Authority of Singapore. 

The GXS Savings Account that the firm launched today will allow customers to earn interest daily with no minimum balance requirement.

Read more: Forbes

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]]> 25779 SG neobank Banco secures $6.7m series A https://fintechranking.com/2022/08/30/sg-neobank-banco-secures-6-7m-series-a/?utm_source=rss&utm_medium=rss&utm_campaign=sg-neobank-banco-secures-6-7m-series-a Tue, 30 Aug 2022 17:26:00 +0000 http://fintechranking.com/?p=25755 Singapore-based neobank Banco has raised US$6.7 million in a series A funding round led by Japan-based SBI Group.

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]]> Singapore-based neobank Banco has raised US$6.7 million in a series A funding round led by Japan-based SBI Group. Other investors that participated in the fundraise include Sumitomo Mitsui Banking Corporation, R3, and Savills.

Banco, which is a part of the RABC Group, will use the funds to secure talent in the fields of tech and business development, as well as to expand throughout Southeast Asia.

Read more: Tech in Asia

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]]> 25755 Lightnet Raises US$50 Million to Bolster Blockchain-Powered Remittances https://fintechranking.com/2022/08/30/lightnet-raises-us50-million-to-bolster-blockchain-powered-remittances/?utm_source=rss&utm_medium=rss&utm_campaign=lightnet-raises-us50-million-to-bolster-blockchain-powered-remittances Tue, 30 Aug 2022 15:09:34 +0000 http://fintechranking.com/?p=25740 The Lightnet Group, a Singapore-based fintech firm with several licensed subsidiaries around the globe providing

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]]> The Lightnet Group, a Singapore-based fintech firm with several licensed subsidiaries around the globe providing cross-border remittance services, announced that it has secured a US$50 million capital commitment from LDA Capital.

According to Lightnet, it will have the option to double the investment to US$100 million over the next three years.

This investment will allow the Lightnet Group to expand its operating corridors and opportunities and obtain licenses.

Read more: Fintech News Singapore

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