SFA & Razer Team Up to Provide Relief to Fintech Firms

Source: W7 News

As the growing pandemic continues to plunder on in Singapore and the rest of the world, the Singapore Fintech Association (SFA) and digital payment network Razer have teamed up to provide financial assistance to local Singaporean fintech companies. Around $50 million is allocated to these firms.

In total, the two institutions will provide qualified firms with financial influx and assistance ranging from $100,000 to $1.5 million (equivalent to SGD 143,000 to SGD 2.1 million), states The Straits Times. The funding will come from a $50 million support fund from Razer.