In September this year, Life.SREDA VC had announced that it had entered into a strategic partnership with Leonie Hill Capital, in a move that sees the firms establishing BAASIS, a pan-Asian banking as a service (BaaS) platform.
Headquartered in Singapore, BAASIS is technically backed by a German digitlal financial services firm that was formerly a portfolio firm of Life.SREDA and is intended to provide a core banking infrastructure for fintech startups and other non-banking financial corporations in Asia, acting as middleware between traditional banks and entrepreneurial fintech ventures.
