The Monetary Authority of Singapore (MAS) has announced it will award two digital full bank (DFB) licenses to a consortium comprising Grab and national telco, Singtel and a wholly-owned entity by tech giant Sea. Additionally, the central bank will grant two digital wholesale bank (DWB) licenses...
Razer Fintech
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Singapore’s cybersecurity startup Responsible Cyber acquires digital identity wallet Secucial Responsible Cyber (RC), a Singaporean cybersecurity startup that manages software security for small and medium businesses, has acquired Secucial, a startup building a digital identity wallet. The...
SensorFlow co-founders, Saikrishnan Ranganathan and Max Pagel Proptech startup SensorFlow secures US$8.3M in Series A+ funding led by Openspace Ventures, Gaw Capital Partners Singapore-based proptech startup SensorFlow announced that it has raised a US$8.3 million in Series A+ funding led by...
Morning Roundup: Food reformulation tech company Hoow Foods raises funding led by Nanyang Realty, ScaleUp Malaysia invests in 10 companies, deploying US$46K
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Singapore’s foodtech startup Hoow Foods raises funding led by Nanyang Realty Food reformulation technology startup Hoow Foods has announced that it has raised an undisclosed strategic funding, led by the Singapore-based Ang family office Nanyang Realty. Korean-based Venture Capital funds Sunbo...
A few months after Singapore’s announced in June 2019 the guidelines for the new digital banks (Digital Full Bank and Digital Wholesale Bank) licences, Malaysia also made public the requirements for the digital bank licences in December 2019. As per the guidelines, Malaysia will issue up to five...
Razer Fintech leads consortium for youth-targeted bank as part of digital banking license bid
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Singapore-based digital payment startup Razer Fintech (Razer) announces that it has submitted its application for the Digital Full Bank License, to be issued by the Monetary Authority of Singapore (MAS). For the bid, Razer Fintech will lead a consortium that will launch a digital bank focussing on...