Singapore FinTech Association (SFA) and Razer Fintech, Razer Inc’s financial technology arm, today announced their collaboration to address the key issues facing the FinTech industry in Singapore as a result of the Covid-19 pandemic, which includes business continuity concerns, high business costs, funding and employment.

Singapore FinTech Association (SFA) and Razer Fintech will provide fintech companies in Singapore bridge financing, equity or equity-linked instruments ranging from US$100,000 to US$1.5 million (S$143,000 to S$2.1 million). The final sum depends on the fintech company's stage of growth and business requirements.

As part of the agreement, SFA and Razer Fintech will leverage on SFA’s capabilities and Razer’s ecosystem, to mobilise support for the Singapore FinTech community, including:

1. Cash flow and marketing support programs
2. Help curate best-in-class FinTech companies in Singapore through partnerships or investment
3. Support the evaluation and due diligence process (certification, screening and reference checks)
4. Joint networking events to promote the FinTech scene in Singapore

These various pillars of support would position Singapore FinTechs in a good stead to tide over this challenging period, be ready and become stronger when the threats from COVID-19 recede and normal economic conditions return.

Learn More about the Grant Here

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