Singapore-based peer-to-business (P2B) lending platform Validus Capital has set up shop in Indonesia through its subsidiary Batumbu, in partnership with Indonesia’s Triputra Group.  Validus targets small and medium enterprises (SMEs) while Batumbu connects SMEs in Indonesia with accredited, institutional, and high net worth investors to provide loans...
Xero, the global small business platform, has teamed up with the Association of Chartered Certified Accountants (ACCA) Singapore to support their mission to empower accountants. Through this partnership, accountants will learn how to leverage technology to grow their practices and that of their small business clients through...
Enterprise Singapore has initiated a comprehensive review of its strategies to ensure that its enterprise development efforts keep pace with the evolving and increasingly complex business landscape locally and globally. To achieve stronger, more impactful outcomes, Enterprise Singapore will sharpen its supporting approaches through...
Southeast Asian fintech player Grab Financial Group, has launched its SME lending and micro-insurance for drivers in Singapore. The ‘Grow with Grab’ roadmap aims to provide a comprehensive portfolio of financial services in Southeast Asia for micro-entrepreneurs and small businesses. The services include micro-insurance products, post-paid and...
PIVOT Fintech Pte Ltd, a digital wealth management technology services venture has been granted a Capital Markets Services (CMS) license by the Monetary Authority of Singapore (MAS). PIVOT’s CMS license, which comes after the recently published MAS Guidelines on the Provision of Digital Advisory...
SingSaver, a Singapore-based financial comparison platform, has identified cashback as the number one reward women look for when choosing a credit card. The survey of women aged 21-55, which includes millennials, also sheds light on women’s changing attitudes to personal finance and indicates a shift towards greater...
Singapore SMEs are looking to invest in business transformation despite expectations of a soft economic environment outlook in the next six months, together with lower turnover and profitability.  The SBF-DP SME Index (the Index) has seen a dip from 50.7 to 50.4 this quarter,...
Singaporean multinational banking corporation United Overseas Bank (UOB) and OctoRocket.asia (OctoRocket), a business to business e-commerce platform, have signed a Memorandum of Understanding (MOU) to enable small businesses in ASEAN on OctoRocket to apply for financing quickly and easily.  OctoRocket, a joint venture launched...
In the first edition of Xero Community, organised by accounting software company Xero, small and medium businesses in Singapore got together to decode the 2019 Budget. The Xero Community is a quarterly series of events to provide a platform for local SMEs to learn, connect and take...
Singapore has taken several measures to beef up cybersecurity after attacks in recent years.  A new multi-year roadmap is underway to identify next generation cyber-threats and develop the solutions and capabilities needed to secure Singapore’s connectivity infrastructure. This was announced by...