Razer unit, Sheng Siong owners toss hat in ring for digital bank licence
Razer Fintech and supermarket founders will partner FWD, LinkSure Global, Insignia, Carro to target youth and millennials
Add BT as a preferred source
Singapore
A CONSORTIUM including Razer Fintech and Sheng Siong's founders has submitted an application for a digital full-bank licence in Singapore, focusing on the "underserved youth and millennials segment" for the bid, gaming lifestyle brand Razer Inc said in a statement on Thursday.
The consortium also includes insurance business FWD, Internet company LinkSure Global, Singaporean technology venture fund Insignia Ventures Partners, and vehicle wholesale marketplace Carro. The Lim brothers who founded supermarket chain Sheng Siong, are participating via their private vehicle Sheng Siong Holdings. The mainboard-listed entity Sheng Siong Group is not involved in the bid.
TRENDING NOW
Qatari LNG ship struck in Strait of Hormuz, testing US talks
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10
