Singapore Business Review
Singapore needs to push its startups beyond seed funding. “… one in five fintech firms lament the fact that Singapore doesn’t have enough venture capital to go around with 66% claiming that the current level of government assistance is inadequate to power their businesses.”
“The Fintech sector in Singapore is vibrant with the Monetary Authority of Singapore taking an active role in encouraging startups, and driving corporate innovation in financial institutions. Contrary to the survey, we believe that there is an abundance of exuberance with the easy availability of grants, venture capital, and cryptocurrency fund-raising in the form of ICOs,” said James Tan, Managing Partner of VC firm, Quest Ventures.