Singapore’s iSTOX raises $5m from Korea’s Hanwha Asset Management

Photo: iSTOX

Singapore-based capital markets platform iSTOX has raised a $5-million investment from South Korea’s asset management company Hanwha Asset Management, according to a statement.  

The fresh funding comes after barely a couple of months after iSTOX raised $5 million from Japan-based Tokai Tokyo Financial Holdings in November. In September 2019, it raised its Series A funding round led by Thailand’s Kiatnakin Phatra Financial Group. 

Through the use of digitised security offerings, iSTOX seeks to offer a more flexible, inclusive, and efficient system for the emerging generation of investors and issuers.

It was admitted into the Monetary Authority of Singapore’s FinTech Regulatory Sandbox in May 2019. The company expects to graduate in the first quarter of 2020.

iSTOX’s other key shareholders include Singapore Exchange (SGX) and Heliconia, a Temasek Holdings subsidiary.

Headquartered in Seoul, Hanwha Asset Management offers financial investment products in equities, fixed income, alternative investments and multi-asset strategies across Korea, South East Asia, China, the U.S. and beyond.

It is a subsidiary of Hanwha Life and is the largest shareholder of Hanwha Investment & Securities.

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.