The Singapore Fintech Association (SFA) announced today it has created an online directory for fintech companies based in the city-state. The database contains a short description of each company and information about its founding team, funding status, and business model.
The SFA, a non-profit organization that aims to be a connector between various players in Singapore’s fintech ecosystem, created the database to help startups with funding and recruiting.
The SFA aims to be a connector between various players in Singapore’s fintech ecosystem.
“Singapore has been ranked as one of the top fintech ecosystems in the world,” says SFA president Chia Hock Lai in a statement. “The SFA believes this directory will be a boon to the investor community worldwide, looking to identify and navigate possible opportunities here in Asia.”
Currently listing around 300 startups, the database is free to use and data is maintained by the companies themselves. The directory looks similar to Crunchbase and Tech in Asia’s own startup database, but it’s exclusive to fintech.
The SFA built the directory in collaboration with US data company Let’s Talk Payments and its Medici platform, which provides information and resources about the fintech industry.
Singapore has been pushing to be an international hub for fintech in the past couple of years, building on its cemented financial services status. It has paid off so far – global consultancy Deloitte considers the city-state a fintech hub on a par with London in a recent report (PDF link).
The Monetary Authority of Singapore, the country’s central bank, actively supports the local fintech ecosystem through a regulatory sandbox and an innovation lab, as well as an annual fintech festival that demonstrates the Lion City’s commitment to financial technology.