In just over half a century, Singapore has transformed from a small fishing port into one of the world’s richest countries—and this rapid economic growth doesn’t look like it’s stopping any time soon.
In response to this prosperity, a myriad of entrepreneurs have created products and solutions to help individuals and businesses manage their finances. Here are 11 local fintech startups you need to be aware of in 2016.
Policy Pal is a digital insurance manager that allows users to manage multiple insurance policies through a single app. It identifies possible areas in which you require coverage—or if you have double coverage in the same areas.
Launched in 2014, Call Levels is one of Singapore’s fastest growing startups. Using live phone alerts, the app updates traders and investors continuously regarding assets of interest and their performance.
TradeHero’s CEO Dinesh Bhatia’s aim was to gamify trading to teach people how to invest—and he’s done that for 3.5 million registered users to date. The app allows users to trade virtual money using actual stock market data, helping you understand how stock markets work.
Numoni’s purpose is to help the “under-banked” by offering self-service terminals that provide services such as recharging mobile airtime, repaying bills, and receiving donations.
Who says only adults can understand finance? PlayMoolah develops games, apps, and programmes on money management for kids, youth, and young adults–making finance a little less boring.
M-DAQ provides software that allows investors to trade stocks from foreign countries without having to worry about exchange rates messing with their profits.
No credit card to shop? Codapay enables merchants to accept payments through channels available to every consumer, such as bank transfers and direct carrier billing.
Margin trading, lending systems, and Algo trading are just some of the services Quoine offers—and it prides itself as the world’s most advanced Bitcoin trading platform.
Fastacash uses its own patented tokenization technology to turn payments into a social experience. Using a quick link—an encrypted URL or QR code—it enables payments from person-to-person, or person-to-merchant.
Dragon Wealth provides a one-stop solution for financial advisors to attract and interact with customers and monetize accounts. Everything from building a website to providing relevant articles to share can be accomplished on the platform.
WeInvest identifies and presents unbiased investment ideas and products for its customers free of cost—with access to exclusive discounts to boot.
With the government continuing to add incentives for technopreneurs to start their own businesses, Singapore’s fintech space will undoubtedly blossom, reaping the awards of favorable business conditions and general regional financial prosperity. Keep an eye on these 11 fintech startups as they bolster the Lion City’s ongoing reputation as Southeast Asia’s premiere finance powerhouse.