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In Q1 2021, Singaporean fintech companies raised a staggering S$656 million in equity funding, a 355% increase compared to the same period last year, data from the Boston Consulting Group (BCG) show.
iTWire Tuesday, 11 May 2021 12:56 Trovio sees economic opportunity in Singapore
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IT services company Trovio has established a new office in Singapore, citing that the country has built a reputation as a “stable financial centre” and proven itself a “bullion hub.”
Trovio establishes its new office in Singapore as the country “proves itself as an important focal point for gold trading in the Asean region.”
Trovio says Singapore has already “cemented its reputation as a stable financial centre” and has taken steps to position itself as “a bullion hub, exempting investment-grade gold, silver and platinum from a goods and services tax.”
City state seen as an important focal point for gold trading in Southeast Asia
11 May 2021 |
The Asset
Trovio, a Sydney-based fintech startup that provides commodity digitization and registry services, has established a foothold in Singapore, which it considers an important focal point for gold trading in the Southeast Asian region.
Aside from opening a regional office in the city state, the company also became the first fintech company to be welcomed into the Singapore Bullion Market Association (SBMA) as the gold industry looks to leverage new methods and technologies offered by digitization.
According to Trovio, Singapore has already cemented its reputation as a stable financial centre and has taken steps to position itself as a bullion hub, exempting investment-grade gold, silver and platinum from a goods and services tax.
Shenzhen Bowen Media Infotech Co.,Ltd.: Regtank shortlisted as Finalist for Asia FinTech Awards 2021
Singapore, Singapore (Newsfile Corp. - April 13, 2021) -
Regtank, one-stop Regtech solution provider, has been shortlisted as a finalist for Asia FinTech Awards 2021, under the category of Startup of The Year .
The Asia FinTech Awards was developed by FinTech Intel, global market intelligence platform for financial services technology, to celebrate the incredibility of the FinTech community and commend the very best in the FinTech industry across the Asia region.
The Startup of the Year category recognizes young FinTech companies carrying significant potential, with unique selling points and innovative aspects in the product that they bring to the market. Over hundreds of entrants, Regtank has stood out with its unique offering to the market.