The financial service industry now continues to attract tech companies that transform how people and businesses save, spend, borrow and invest and this is also attracting funding that can be helped in the growth of the companies. As more and more companies pour into the fintech space, it can be tough to sift through them and identify the major players. The explosion of fintech startups is quite surprising. Most financial institutions such as banks have made tech-driven changes. The market has been witnessing a great shift from digital loans and mobile stock services to eCommerce payment platforms and digital modes of currency exchanges that are rooted in digital financial access.
Fintech is not only about finances now but it also involves several industries and sectors such as education, fundraising, investment management, retail banking, and nonprofit services. It also includes the developments and progress in the crypto market. Fintech has the potential to completely revolutionize the financial services industry, in many countries and markets. It is seen as a game-changer in markets like Singapore.
Although Fintech moves at a snail’s pace, it is gaining popularity in Singapore and many other countries. Fintech companies are also attracting a lot of investor interest and capital. In this article, the top 10 Fintech companies based in Singapore will be covered.
- Nium
Nium is a next-generation financial services platform that enables companies around the world to unlock new revenue opportunities and improve cash flow economics. Nium is a leader in its geographical and payment service breadth, owning licenses in the world’s largest and fastest-growing economies. Our modular platform allows banks, payment providers, travel companies, and other businesses to collect and disburse funds in local currencies to over 100 countries, plus issue physical and virtual cards globally. Our proprietary set of APIs embeds financial services and can bring to life multiple B2B and B2C use cases in a matter of weeks. Nium is part of CB Insights Fintech 250, which highlights the most promising Fintech companies globally. Today, Nium serves over 130 million customers and enables platforms to provide access to financial services to over 3 billion people across the world.
2. KingSwap
KingSwap is the newest decentralized finance (Defi) liquidity pool platform that is a further and better evolution of UniSwap. In addition to offering off-ramp fiat currency converting solutions to allow users great convenience between the fiat and cryptocurrency worlds. Based out of Singapore, Central Region, Singapore. KingSwap’s high-yield liquidity platform offers extensive staking rewards, digital collectables, etc. KingSwap’s native $KING tokens are regulated under Singaporean law.
3. Thunes
Thunes is a B2B company that powers payments for the world’s fastest-growing businesses – from Gig Economy giants such as Uber and Deliveroo and Southeast Asia’s super app Grab, to global Fintech leaders such as PayPal and Remitly. With a single, simple connection, your business and customers can send payments to – and get paid in – every corner of the world. Instantly. We support 60+ currencies, enable payments to 110+ countries, and help you accept 285+ payment methods. Thunes is headquartered in Singapore with regional offices in London, Paris, Shanghai, New York, Dubai, and Nairobi.
4. Silent Eight
Silent Eight is a technology company leveraging AI to create custom compliance models for the world’s leading financial institutions. Our mission is to empower our clients in their fight to eliminate financial crime. Founded in Singapore and with global hubs in New York, London, and Warsaw, we are deployed in over 150 markets. For more information. Silent Eight helps financial institutions manage their compliance and risk obligations using artificial intelligence. Based out of Singapore, Central Region, Singapore.
5. Singlife
We built Singlife because we believe that the world needs a better kind of insurance company: using the smartest technologies to make insurance totally digital, with automated efficiencies to make it more convenient and affordable. We think we’ve done a great job with this so far, and now we are doing the same with helping you with managing your cash. We aim to deliver better returns and a mobile-first alternative to banking. And in 2020, we will add effortless investing to the mix. Singlife provides digital life insurance services. Based out of Singapore, Central Region, Singapore.
6. ADVANCE.AI
ADVANCE.AI is a leading AI and big data company in Asia, helping to solve digital transformation, fraud prevention and process automation for enterprise clients. Started in 2016 and headquartered in Singapore, ADVANCE.AI is a leader in Artificial Intelligence, risk management and digital lending solutions. It currently partners over 1,000 enterprise clients across Southeast Asia, South Asia and Mexico in sectors such as banking, financial services, fintech, payment, retail and e-commerce. ADVANCE.AI is part of Advance Intelligence Group, a Series-D AI-driven technology company headquartered in Singapore, with operations across South and Southeast Asia, Latin America and Greater China. Advance Intelligence Group is ranked No. 1 on LinkedIn’s 2021 Top Startups List in Singapore.
7. Aspire
Aspire is the all-in-one finance operating system for growing businesses. We help companies save time and money with borderless payments, corporate cards, expense management, and more. Our mission is to empower the next generation of entrepreneurs with the financial tools they need to realize their company’s full potential. Headquartered in Singapore, with offices in Indonesia and Vietnam, Aspire is backed by some of the world’s best VCs, including Y-Combinator, the #1 startup incubator in the world. Based out of Singapore, Central Region, Singapore.
8. Credolab
We believe loans improve lives. We also believe traditional banking processes leave a lot of people out of the process. That’s why credolab is changing the way the world looks at credit. Our pioneering technology calculates credit scores based on people’s mobile and web-behavioural data— so lenders can make decisions based on the way people live and work in the modern world. Making loans more accessible to more people benefits everyone. CredoLab develops bank-grade digital credit scorecards built on mobile device metadata. Based out of Singapore, Central Region, Singapore.
9. Hatcher+
Hatcher+ is a venture-as-a-service company that leverages deep learning, process automation, and global partnerships to enable scalable portfolios and index-style investor returns. Hatcher+ uses AI, process automation, and global partnerships to improve outcomes for investors. Hatcher+ is a venture-as-a-service company that leverages deep learning, process automation, and global partnerships to enable scalable portfolios and index-style investor returns. Hatcher+ is a data-driven venture investment platform. Based out of Singapore, Central Region, Singapore.
10. Bambu
Bambu is a Fintech company. We are B2B, which means we only develop tech for financial institutions. Our platform helps users save and invest for their future, so we like to think we’re helping people in some small way. The plan for us is to make the platform intelligent piece-by-piece, to help people manage their spending and money every day. Bambu is headquartered in Singapore with a subsidiary in the United Kingdom, the USA and EMEA representatives. Founded in 2016, and large privately owned by the founders and employees, we have the financial backing of one of the world’s leading players in our industry in Franklin Templeton.
We have clients in every continent except Antarctica. Yeah, we’re still working on that. Oh, and we also launched Singapore’s first Robo-advisor platform back in 2016 with Crossbridge Connect. We’ve won a bunch of awards, for what it’s worth. We won the Best Early Stage Startup at Fintech Finals 2017 and the Best Show Award in FinovateAsia 2017 for our machine learning algorithms. We are also Alumni of the SuperCharger 2.0 Accelerator program and finalists at Jumpstart organised by Alibaba Entrepreneurs Fund.