Singapore Digest: SC Ventures launches Fintech Bridge; MoolahGo raises funds

Singapore. Photo by cegoh/pixabay

SC Ventures, the innovation, ventures and fintech investments unit of Standard Chartered Bank, has launched Fintech Bridge to connect fintech startups while Singapore’s P2P financing service MoolahGo has raised funding from the TransferTo founder.

StanChart unit launches SC Ventures Fintech Bridge

SC Ventures, the innovation, ventures and fintech investments unit of Standard Chartered Bank, has created a market-first platform to connect community builders such as startups, investors and accelerators to the bank.

Called SC Ventures Fintech Bridge, the platform connects and matches partners from the fintech ecosystem to the Bank’s internal community, where they can propose solutions to challenges posted by the Bank’s business units or request for investments.

Investors can also use the portal to recommend startups to the Bank for future collaborations. Startups can move from initial application to final selection within just three months.

SC Ventures Fintech Bridge is for fintech startups who want to work with StanChart Bank and gain new clients. It is a global platform supported by a connected network across Asia, Africa, Middle East, and Europe through the Bank’s footprint, according to the announcement.

StanChart set up SC Ventures, a business unit to promote innovation, invest in disruptive financial technology, and explore new business models.

TransferTo founder invests in MoolahGo

Singapore-based peer-to-peer financial services e-marketplace MoolahGo has raised an undisclosed amount from Eric Barbier, founder and former CEO of TransferTo, according to an announcement.

Barbier founded TransferTo in 2005 and turned it into one of the world’s leading cross-border mobile payments network provider before stepping down as its CEO in 2018.

Launched in 2018, MoolahGo is SE Asia’s peer-to-peer financial services e-marketplace that delivers services by connecting consumers, businesses and providers directly, removing intermediaries. Its platform currently hosts currency exchange and cross-border money transfer services.

“Having Eric who is a veteran in this business investing in us is a vote of confidence in our business strategy and future…Eric will be joining our board to contribute actively to our business,” said John Hakim, Founder and CEO of MoolahGo.

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Singapore: P2P lender Crowd Genie targets raising up to $31.6m via ICO 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.