Singapore Offers More Grants to Help Fintech Firms Ride out Pandemic

Source: ZDNet

Singapore is giving fintech companies more funds to help them ride through the COVID-19 pandemic and ensure they can continue to innovate alongside financial institutions. A new SG$6 million ($3.44 million) grant can be tapped to cover their day-to-day expenses as well as fund proof of concepts. 

Put together by the Monetary Authority of Singapore (MAS), Singapore FinTech Association (SFA), AMTD Group, and AMTD Foundation, the new "fintech solidarity grant" is in addition to a SG$125 million ($71.62 million) support package that was announced last month to help the local financial services industry and fintech firms boost their digital capabilities.