Fintech holds Singapore to an esteemed position as one of Asia’s leading regions for the industry. The global fintech hub has become an increasingly popular destination for others “preferred gateway” into Asia.
With world-class infrastructure, strong government support and global investors available, Singapore’s Fintech industry is flourishing steadily. With that said, here are 5 Singaporean Fintech companies to watch out for in 2019.
Shereit provides a creative value proposition for those in stock brokerage firms. The mobile social trading platforms offers users the ability to communicate with other traders around the world in real-time. Furthermore, the platform is user-friendly for amateur traders who are looking to pick up trading styles and strategies from the feeds of prominent traders.
Through data-driven insights and contextual recommendations, Moneythor provides white-labelled solutions to aid financial institutions in delivering better functionality to their digital customers. Some of these services include upgrades to existing banking services, launching a digital bank from scratch and enabling chatbots to respond to complex inquiries.
Toast is a P2P mobile app for Fillipinos in Singapore and Hongkong to transfer money back home instantaneously. Their USP is built on the promise of lower fees charged per transaction. Starting up in 2015, the service also bypasses the need for traditional methods of money transfers that may be inconvenient.
PolicyPal offers a simplified digital overview to help users manage insurance policies on a single platform. Since 2016, the company has been helping customers identify policies that most suit their needs while avoiding duplicate costs efficiently.
Founded in 2014, Call Levels offers a dependable toolkit for users to track their financial assets. The financial monitoring and notifications help users level the playing field for those in financial markets, freeing up time that would otherwise be spent on market analysis.
Singapore’s Fintech scene is a culmination of varying talents across the nation. The companies above are but a small showcase of what Singapore has to offer in terms of talent and growth. Furthermore, the nation forms part of sustained Fintech success across the larger APAC region. This is perhaps the best time for entrepreneurs to enter the Singaporean market.
Although fintech startups are causing digital disruptions for banks, it is still important for small business owners to maintain a healthy relationship within the banking industry. To find out why this is important, click here to read on.