Big Spenders — Singapore’s Most Active Fintech Series A Investors & More Trending News

 

Singapore has seen an inflow of startups and enterprise capital lately. Several elements have contributed to this – from town’s pro-business setting to its extremely educated workforce.

Another issue contributing to the success of startups in Singapore is the supply of capital, with a number of energetic buyers prepared to put money into early-stage startups. The city-state is house to a number of unicorns, resembling Grab and Sea Limited, and is a well-liked vacation spot for startup founders and buyers alike.

Fintech startups inked 127 offers price US$2.06 billion in mixed proceeds, equal to 1 / 4 of the entire deal quantity within the first 9 months.

This is a constructive signal for the startup ecosystem in Singapore, which has been rising quickly lately. And with the federal government’s new initiatives to help startups, it’s anticipated to develop within the coming years.

Here are the eight most energetic fintech buyers at Series A in Singapore based mostly on offers closed between January to November 2022.

SBI Group

SBI Group is a monetary companies firm based mostly in Japan and was based in 1999. The firm operates a number of subsidiaries and associates that supply a variety of economic services and products, together with securities, funding banking, asset administration, and insurance coverage.

SBI Group operates a number of crypto-related companies, together with a cryptocurrency change and a blockchain-based remittance service.

The firm not too long ago invested in Series A funding of US$6.7 million for the financing platform banco (RABC Group). The agency additionally participated in a US$4.5 million seed spherical for Crypto agency SolanaFM.

Creador Private Equity

Creador is a Southeast Asia-focused non-public fairness agency based in 2011 by Brahmal Vasudevan. The agency’s main focus is investing in growth-oriented corporations within the client, healthcare, and training sectors.

The agency’s funding technique is to establish and put money into high-growth corporations and to work intently with the administration staff to construct the corporate right into a market chief.

One of its notable Series A investments is a US$11 million pre-Series A for Singapore-based fintech UNOAsia.

Jump Crypto

 

Jump Crypto is a division of Jump Trading Group based mostly in Chicago, Illinois, USA, based in 1999. It is a research-driven quantitative buying and selling agency and one of many largest merchants, by quantity, throughout conventional asset courses. 

Jump Crypto is constructing a cryptocurrency infrastructure to assist the blockchain and all issues Web3 develop.

It not too long ago led a Series A funding spherical of US$13 million for Singapore fintech FOMO Pay.

Tiger Global

Tiger Global is a hedge fund and personal fairness agency that invests in private and non-private corporations. The agency was based in 2001 by Chase Coleman, with workplaces in New York, Hong Kong, and Singapore. Some of the agency’s notable investments embrace Fazz and WIZ.AI.

It led a Series A for HitPay, a Singapore-based one-stop funds platform for small and medium-sized companies, amounting to US$15.75 million.

Jam Fund

Jam Fund, based in 2020 by Justin Mateen, is a enterprise capital agency based mostly in Los Angeles, California. The agency invests in pharmacy, finance, software program, meals, insurance coverage, building, healthcare, and expertise sectors.

The agency led a US$29 million Series A funding for Singapore fintech Volopay final yr.

ParaFi Capital

ParaFi Capital, based by Ben Forman, is a crypto-focused enterprise capital agency that gives funding and help to early-stage corporations within the blockchain and cryptocurrency area.

In October final yr, it led a Series A funding spherical of US$18 million for Neo-banking crypto startup Juno to broaden merchandise and operations and launch its first tokenized loyalty program.

Yunqi Partners

Yunqi Partners focuses on early-stage investments in expertise corporations, notably within the software program and web sectors. The agency, based by Hu Quan and Zhi Tao, relies in China and has a worldwide funding focus, notably on startups within the US and Asia.

Singapore-based Safeheron secured US$ 7 million in a pre-Series A funding spherical led by Yunqi Partners to make non-public keys safer for crypto wallets.

Accel

Accel, based in 1983, invests in early-stage expertise corporations. The agency focuses on a variety of expertise sectors, together with software program, web, cellular, and healthcare. The firm’s notable investments embrace Facebook, Slack, Dropbox, and Spotify.

Accel invested in Finbots.AI, an AI-powered credit score scoring software program supplier, for US$3 million throughout a Series A funding spherical.

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Big Spenders — Singapore’s Most Active Fintech Series A Investors

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