iFast rides on the back of Covid-linked trading boom

Singapore

AS investors took advantage of the market correction in March this year to increase their stock holdings, mainboard-listed fintech firm iFast Corporation benefited from the increased market activity. For the three months ended March 31, 2020, iFast generated record revenue and profits.

Lim Chung Chun, chairman and chief executive of iFast Corporation, told The Business Times: "Interestingly, this time around, on all our platforms, we are finding that investors seem to be buying more because prices are low. We are seeing a lot of this happening, more so than in previous downturns, perhaps because people expect a quicker recovery."