Singapore fintech

M&A always on the radar as bigger players ‘tend to win’: Grab COO Alex Hungate

He stresses that greater scale is crucial to making money in the competitive, low-margin ride-hailing market

From left: Lionel Wong, CEO of Gprnt; Lee Bing Yi, partner at PwC Singapore;  Lee Yee Fung, chief smart technologies and sustainability officer at SBF; and Lim Keum Keow, director at Sustainability Alliance.

3 in 4 SMEs have yet to go green due to financial and time constraints, lack of expertise: study

Recommendations include ramping up sustainability-focused initiatives and developing a ‘sustainability passport’ to track their progress

Airwallex is on track to surpass US$2 billion in annualised run rate within the next 12 months, says co-founder and CEO Jack Zhang.

Airwallex crosses US$1 billion in annualised revenue, eyes doubling within a year

The company’s portfolio includes multicurrency business accounts, corporate cards and payments processing services

From left: Chief executive Ravi Ravulaparthi, chief technology officer Vamsee Mohan Kamabathula, and chief operating officer Lakshman Gupta. The three co-founded Qapita.

Equity management platform Qapita raises US$26.5 million in Series B round led by Charles Schwab Corporation

The funds will go towards US expansion, building new fund administration product

The acquisition will strengthen Airwallex’s position against competitors such as Stripe Billing and Recurly, and enable its customers to unlock and automate revenue growth.

Tencent-backed Airwallex acquires OpenPay; move pits it against Stripe Billing

The Singapore-based company will add the billing platform’s capabilities to its product suite and offer them to customers by Q4 2025

Singapore banks say that fintechs have to meet key security and data privacy concerns for them to be granted API access to the banks' SME  customers’ financial data.

Security and compliance among concerns of banks in granting API access to fintechs

The local banks weigh cybersecurity and data-privacy risks in giving only selected access to their SME clients’ financial data

This new award is an offshoot of Statista’s list of the world’s top fintech companies, which has been running since 2022.

Statista, TIA to award Singapore’s Top Fintech Companies for 2026

The award is open to both young startups and established tech firms

Revolut will seek to enter new markets as a bank rather than a fintech, says Raymond Ng, CEO, Revolut Singapore and South-east Asia.

Revolut Singapore in the black, targets South-east Asia

In Singapore, Revolut hit its first year of profitability, with a net profit margin of 15%

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THRIVE NEWSLETTER

🍫 What cash management accounts are and what Chocolate Finance has to do with it

The recent panic over the Chocolate Finance fiasco, in my view, underscores how many may not truly understand what they’re putting their money into.

The Monetary Authority of Singapore called for one-on-one meetings with fintech platforms last week, said  sources familiar with the matter.

MAS tells fintech platforms to communicate underlying products in investment accounts clearly: sources

It says that consumers should be clear that a fintech platform that offers underlying banking products does not equate to it being a bank