Fintech startup ecosystem in Singapore -2019

Fintech startup ecosystem in Singapore

Singapore has marked its significance to become one of the foremost Fintech and Insurtech innovative markets in the world. Singapore has observed the endowment of dozens of invention workrooms in this contemporary years as international banks and multinational tech firms are looking to realise the profit on the city state’s massive puddle of IT specialists, highly organised financial centre and supportive government to formulate next age of financial services.

An invention workroom is a peculiar convenience originated with the ultimate goal to generate new revenue brooks or reinforce existing ones by advancing productivity or speed, and there are countless opportunities to recognise. Invention workroom or the Innovation labs employ diverse members on a long-term basis, in unrestricted collaboration for the determination of organising, embellishing, and prototyping progressive resolutions to pre-identified systemic hurdles.More about fintech startups singapore.

Latest Fintech startup trends in Singapore.

The FinTech and InsurTech sector are connecting the spheres of finance, insurance and technology. That is one of the active growing businesses in Singapore. With a high frequency of financial establishments across banking, insurance, and asset management sectors, the city-state offers an extraordinary platform for FinTech and InsurTech solutions.

Singapore has a gross domestic product (GDP) per capita of US$52,960. Singapore is considered as a world-class foundation and has excellent internet receptiveness. The country possesses an ultra-high-speed fibre base that operates across the nation and mobile support invasion that surpasses 100 percent. These factors form as prominent and dominant for FinTech development in Singapore.

Top Fintech startups in Singapore

CoinPip

CoinPip is a Singapore-based payments company that influences the Bitcoin technology and infrastructure to make it simpler and quicker to pay distant workers.

Fastacash Pte. Ltd.

fastacash™ presents a global social payments platform which enables users to transfer worth (money, airtime, other tokens of value, etc.) along with digital content (photos, videos, audio, messages, etc.) through social media networks and multimedia messaging services.

TOAST ME

TOAST is a Peer-to-Peer money transfer solution that empowers Filipinos in Singapore, Hong Kong to remit money back home immediately from a smartphone without the requirement to employ subsisting banking infrastructure or chain up at a Money Transfer Shop.

Kyepot

Kyepot produces social financial service to the digital age. They allow tools for people to save in trusted neighbourhoods. The financing is at a decreased cost of money so a win-win strategy for each and all.

Moolahsense

MoolahSense, is Singapore’s first crowd-financing program, that promotes and encourages entrepreneurship by empowering businesses and investors with a trusted and vigorous Crowd-lending platform.

 The Need for Fintech app developers and Fintech software services company in Singapore.

As we saw about the latest technological developments in the banking and insurance sectors the highly skilled fintech developers are determined to be the need of the hour. With the rising need for financial inclusion and digital transformation, fintech software services and fintech app developers cater to the innovation and invention of various technological evolution that sprang up. Hence the booming industry nourishes the environment with its highly beneficial applications in Singapore.

HunterTech is the top and famous Fintech software development and software services company in Singapore. HunterTech has got efficient and highly skilled Fintech app developers who would help in nurturing the organisation towards growth and prosperity. Do choose HunterTech for more productive Fintech app development.