Tag: Singapore

PayPal has announced that it will partner with Singapore Management University (SMU) to roll out a FinTech scholarship in Singapore worth S$180,000 (US$126,900). Read more: e27.co

Singapore is proposing to ease regulations for venture capital managers including shortening their application process in a bid to promote financing for startup development. Read more: www.bloomberg.com

Uber’s Southeast Asia rival Grab is in the process of buying up Indonesia-based online payment startup Kudo in its first major acquisition. Read more: techcrunch.com

Wealth services marketplace WEALTH has picked up $705,000 in a seed funding round. Vulpes Investment Company and Privé Holdings led the investment. Read more: www.fintechroundup.com

Corporate insurance and benefits platform CXA has raised $25m in its Series B round. B Capital Group and EDBI co-led the investment. Read more: www.fintechroundup.com

Singapore-based FinTech firm MC Payment is buying a controlling stake in Genesis Payment Solutions – a licensed merchant acquirer for Alipay. Read more: www.fintechroundup.com

The new unit, Firemark Labs, will act as an incubator for IAG and help teamwork between startups and research and tech partners. Read more: www.bankingtech.com

Driven by the rapid advances in technology, insurers in Singapore have been taking steps to be more customer-centric in an attempt to retain loyalty and attract new policyholders. Read more: www.businesstimes.com.sg

The brainchild of former hedge fund manager Gina Heng, the licensed service says that it wants to empower women to achieve their long-term financial goals. Read more: www.finextra.com

The peer to peer lending platform based in Singapore is a secured lender that backs up each loan with gold or silver bullion. Read more: www.crowdfundinsider.com