Posts Tagged ‘Singapore’

BlockShow Asia Blockchain Week: What and Who to Expect

BlockShow Asia is returning this year for a week-long event part of the Asia Blockchain Week centered around blockchain and cryptocurrency. The Asia Blockchain Week will start on November 27 with a VIP pre-party followed by the conference itself on November 28 and 29. The BlockShow Asia 2018 conference will take place at the Marina […]

Fintech Regulation: New Law to Impact Mobile Wallet Operators in Singapore

Singapore is about to introduce a new law to prevent shadow banking by requiring mobile wallet operators and payments startups to ring-fence deposits so they don’t function as unregulated banks. The new rules, which are likely to become legislation by the end of the year or early next year, is part of the Payment Service Bill […]

Fintech Startup Wallex Raises Pre-Series A Funding Round Led By BEENEXT

Wallex Technologies, a fintech startup based out of Singapore, has closed its pre-Series A funding round, without disclosing the amount raised. The round was led by BEENEXT, along with the participation of Central Capital Ventura and Indonusa Dwitama. The company develops an online cash management platform, focused on serving SMEs in Southeast Asia. The newly […]

Sixty startups to showcase their wares at Singapore Fintech Festival

The Monetary Authority of Singapore (MAS) announced the 60 finalists that will vie for the Global FinTech Hackcelerator and FinTech Awards at this year’s Singapore FinTech Festival. This year’s finalists were selected from 514 submissions from over 40 countries, representing a cross-section of the growing FinTech community, including in insurance, digital payments, and cybersecurity. More than […]

Plug and Play Singapore Announces First Batch of Startups Selected For Its Fintech and Insurtech Program

After screening over 200 applicants, the final selection of 24 startups has been accepted into Fintech and Insurtech Singapore, which aims to facilitate pilots, POCs, and business development opportunities between the financial and insurance institutions and startups participating. Throughout the duration of the 12-week program, startups will be introduced to Plug and Play’s corporate partners and […]

Singapore FinTech Festival 2018

The Singapore FinTech Festival returns Nov. 12-16 with over 30,000 attendees, 109 countries and over 5,000 companies. The festival is organized by Monetary Authority of Singapore. Key themes for the festival include: blockchain and DLT, future of banking, InsurTech and financial inclusion. Read more

Huobi Teams Up with NTUC to Launch Blockchain Courses in Singapore

Huobi Group, a global digital assets and services provider, said on Friday it has teamed up with Singapore-based National Trading Union Congress Learning Hub to introduce a series of new courses on blockchain for cryptocurrency enthusiasts and fintech professionals in the region. The courses will cover fundamental aspects of Bitcoin and distributed ledger technology, with […]

Report: Temasek Bails on Traditional Finance to Focus on Fintech

According to a report in the Straits Times, Temasek Holdings, an investment fund owned by the government of Singapore, has sold of its holdings in big investment banks like Goldman Sachs and Morgan Stanley to focus more on Fintech. Singapore has recognized Fintech as strategically important to its economy and has thus focused considerable resources on encouraging […]

Singapore VC Firm Launches Dedicated $10 Million Cryptocurrency Fund

Singaporean venture capital firm Golden Gate Ventures is launching what it bills as Southeast Asia’s ‘first dedicated VC cryptocurrency fund’ with $10 million in investment capital. The fund will see a ‘laser-like focus’ on the cryptocurrency and blockchain space by investing in early-stage startups including cryptocurrency exchanges. Beyond cryptocurrency exchanges, the fund will also target startups […]

Singapore fintech startup Rate raises US$15M to develop its blockchain network

Singapore fintech startup Rate has raised US$15 million (25,000 ether) in a token sale through its blockchain project Rate3. Rate3 is a blockchain network that aims to help companies tokenise their assets. VCs such as Matrix Partners China and Bo Shen, founder of Fenbushi Capital, as well as crypto investors Node Capital, Kenetic, FBG Capital, Signum […]