In this blog, we will be discussing the top ten fintech powerhouses in the country of Singapore. Yes, we have released a special Top 10 fintech powerhouse series for financialtechnologyinsights.com where by we will make our readers aware about the top fintech powerhouses around the world.
Please find below the top 10 powerhouse in the fintech domain for singapore.
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The financial technology platform, founded in 2015 in Melbourne, Australia and based in Singapore, offers businesses cross-border payments and financial services using a proprietary banking network and API.Global financial technology business Airwallex provides financial services and SaaS. Founded in 2015 in Melbourne, Australia[3] and located in Singapore, the financial technology platform offers businesses cross-border payments and financial services through its own banking network and API.It offers business accounts, expense cards, payroll, and more. It was Australia’s third tech unicorn. It processed $50 billion in annual transactions in 2022 at a valuation of US$5.5 billion.
The program enables users to order food deliveries, pay for daily purchases, invest in the stock market, take out insurance for life’s necessities, and even reserve a hotel room. Grab has expanded from its inception in 2012 to become a mobile application that is utilized by millions of consumers daily in Southeast Asia, with a presence in 13 distinct markets. Anthony Tan, a Harvard Business School graduate, serves as the Co-Founder and CEO of the fintech company, which is headquartered in Singapore.
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Nium’s Founder & CEO, Prajit Nanu, sprang from Mumbai’s bustling streets with a strong entrepreneurial spirit. A true company architect needs gumption, and our Founder has enough. We formed Nium, the global leader in real-time, cross-border payments, to deliver tomorrow’s payments infrastructure now. The global economy’s payments infrastructure is changing how banks, fintechs, and enterprises collect, process, and transfer monies quickly. It payouts in 100 currencies over 220+ marketplaces, 100 of which are real-time. In 35 markets, accounts, wallets, and cards can receive and receive funds. The booming Nium card issuance company is offered in 34 countries. Nium’s regulatory licenses and authorizations in over 40 countries provide fast onboarding, integration, and compliance regardless of location. The corporation has San Francisco and Singapore headquarters.mPrajit discovered the difficulty of foreign money transfers while on vacation in Thailand. This made him think. Thinking seriously.Prajit founded Instarem after returning from “holiday mode” and bursting with joy. Initially focusing on consumer transactions, Prajit soon expanded to include commercial money transfers.
Aspire is the comprehensive finance platform for contemporary businesses worldwide, providing international payments, treasury, expense, payable, and receivable management solutions. With a single, user-friendly account, over 50,000 companies have saved time and money.
Aspire, which is headquartered in Singapore, has over 600 employees in nine countries, clients in over 30 markets, and is supported by global top-tier VCs such as Sequoia, Lightspeed, Y-Combinator, Tencent, and Paypal.
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Its proprietary technology empowers both large enterprises and SMEs to navigate international trade with FX clarity, certainty, and payment mobility.M-DAQ Global is a company based in Singapore that is growing its presence in 7 countries and territories. It offers a full range of FX, collections, and payment solutions, as well as value-added services like AI-driven KYB onboarding and improved risk management solutions that make it easy for businesses to do business across borders as their needs change.
bolttech, a worldwide insurtech, aims to create the world’s premier technology-enabled protection and insurance ecosystem. Bolttech, based in Singapore, services 35+ North American, Asian, European, and African markets.Bolttech was founded in 2020 and has proven insurance experience and technology innovation. They serve millions of customers globally with hundreds of premier insurers and industry partners.
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As fintech pioneers in Asia, they are from Singapore, Thailand, Hong Kong, and Southeast Asia and aim to be a trusted companion for travelers and digital-savvy customers. YouTrip holds a Monetary Authority of Singapore Remittance License and is powered by Mastercard®. YouTrip is a multi-currency mobile wallet with a prepaid Mastercard that lets you shop online and offline internationally like a traveler. They offer the best rates and hassle-free international payments as Singapore’s favorite multi-currency wallet. Pay at the best rates in 150+ countries anytime, anywhere. Enjoy in-app exchanging with 10 major wallet currencies. Enjoy free travel and shopping with no FX costs and hidden charges • Withdraw cash fee-free* from abroad ATMs (up to S$400 per month for Singapore app users, 2% fees apply thereafter). Safety is unmatched: lock and safeguard your card instantly with one swipe, and receive push notifications for every payment.Kasikornbank PCL issues and powers YouTrip in Thailand.
Thunes moves money globally as the Smart Superhighway. Thunes’ Direct Global Network lets Members pay in more than 80 currencies and 130 countries in real time. Thunes’ Network links directly to over 7 billion mobile wallets and bank accounts via 350 payment options, including GCash, M-Pesa, Airtel, MTN, Orange, JazzCash, Easypaisa, AliPay, WeChat Pay, and others. Thunes’ Direct Global Network’s global reach, in-house SmartX Treasury System, and Fortress Compliance Platform give Members unmatched speed, control, visibility, protection, and cost efficiencies when making real-time payments. Uber, Deliveroo, Grab, WeChat, MTOs, fintechs, PSPs, and banks are Thunes’ Direct Global Network members. Singapore-based Thunes has offices in 15 cities: Abidjan, Barcelona, Beijing, Dubai, Hong Kong, Johannesburg, London, Manila, Nairobi, Paris, Riyadh, San Francisco, Sao Paulo, and Shanghai.
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Invest in your future. They help people to generate long-term wealth with over 150 workers. In January 2021, total assets under management exceeded $1B USD. With Michele Ferrario as Co-Founder and CEO, StashAway offers a smart investment platform for wealth protection. You can never leave your cash idle in a bank savings account with its risk-based managed investment portfolios and cash management solutions. Singapore-based StashAway operates in Malaysia, MENA, Thailand, and Hong Kong.
Validus is Southeast Asia’s top all-in-one SME financing platform. Validus uses data and AI to provide growth funding to underserved SMEs, resulting in faster and easier one-stop financial solutions that boost productivity and cost reductions. Validus provides loans, business accounts, corporate cards, payments, and cost management to SMEs. Validus has lent over USD 2 billion to Southeast Asian small enterprises. Validus, headquartered in Singapore, was founded in 2015 to meet SMEs’ financial needs and is developing rapidly in Indonesia, Singapore, Thailand, and Vietnam. Singapore’s Monetary Authority granted Validus a Capital Markets Services License. Otoritas Jasa Keuangan (OJK) in Indonesia licenses Batumbu (Validus Indonesia), while SEC in Thailand licenses Siam Validus.
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