Breaking News
Singapore Life Pte. Ltd. raises US$50 million in Singapore’s Growing InsurTech Market
Singapore Life Pte. Ltd. has raised US$50 million in a Series A funding round, with investments from HKEx-listed integrated financial technology group Credit China FinTech Holdings Limited (Credit China FinTech) through its subsidiary Impact Capital Holdings Limited, and UK-based investment firm IPGL Limited (IPGL). This is the largest ever Series A funding round by a Singapore-based InsurTech company.
Singapore Life is founded on the belief that the financial services industry can be enhanced and made more efficient by tapping on the latest innovative technologies to create a better experience when it comes to delivering financial solutions.
Mr Walter de Oude, Chief Executive Officer, Singapore Life, said: “Credit China FinTech and IPGL bring the best of technology-led business success in support of Singapore Life’s long term strategy. They are experienced trailblazers in fintech and committed to Singapore Life’s long term development and capital needs. Having the support of these strong international shareholders attests to the strong confidence in Singapore Life’s strategy, and in Singapore as a financial centre and a destination for global investment.”
Mr Ray Ferguson, Chairman of the Board of Singapore Life, said: “Singapore Life is born from Singapore’s “Smart Financial Centre” vision – demonstrating how innovation can be pervasive and technology used widely for the benefit of all.”
“Singapore Life brings 21‘st century technology together with a very strong customer proposition, innovative distribution, cost effective product, and a fantastic brand. This, together with a very high quality global shareholder group who is committed to the best practice governance, makes a compelling proposition. We look forward to supporting the journey ahead,” said Mr Mark Richards, Chief Executive Officer of IPGL Limited.
- Tucson Federal Credit Union Partners with InvestiFi to Embed Digital Investing Solutions Read more
- Mastercard Has Collaborated with Commercial International Bank (CIB) to Support Digital Payments Innovation Read more
- Abhi Collaborates with Alruqee Group to Offer Instant Salary Access Read more
- Driftwood Hospitality Management Expands with Flywire to Streamline Guest Payments Throughout 90 U.S. Locations Read more
- IVP Partners with Sigma to Deliver Real-Time Analytics for Alternative Asset Managers Read more
Tucson Federal Credit Union Partners with InvestiFi to Embed Digital Investing Solutions
InvestiFi, the award-winning digital investing solutions provider for financial institutions, has announced its partnership with Tucson Federal Credit Union (TFCU), embedding its InvestTech solutions into their existing online banking platform. With the new partnership, the credit union's members will have the ability to invest digitally in stocks and cryptocurrency directly from their checking accounts.
Mastercard Has Collaborated with Commercial International Bank (CIB) to Support Digital Payments Innovation
Mastercard and CIB, Egypt’s leading and largest private-sector bank, have renewed their partnership to support digital payments innovation and expand access to financial solutions in Egypt.
Abhi Collaborates with Alruqee Group to Offer Instant Salary Access
Abhi Saudi, powered by Alraedah Digital Solutions, has partnered with Alruqee Group, a diversified business group in Saudi Arabia, to introduce Earned Wage Access (EWA) for its employees.
Driftwood Hospitality Management Expands with Flywire to Streamline Guest Payments Throughout 90 U.S. Locations
Flywire Corporation (Nasdaq: FLYW), a global payments enablement and software company, today announced the expansion of its partnership with Driftwood Hospitality Management (“Driftwood”), a leading hotel management company, to deploy Flywire's hospitality solutions across nearly 90 U.S. hotel locations. Driftwood, an existing customer of Flywire’s solutions for payments, signatures and authorizations, is rolling out enhanced payments capabilities to further streamline guest transactions and back-office operations.
IVP Partners with Sigma to Deliver Real-Time Analytics for Alternative Asset Managers
Indus Valley Partners (“IVP”), a premier global provider of software and technology solutions to the world’s most sophisticated investment managers, today announced a strategic analytics partnership with Sigma, a leader in AI applications and agentic analytics for business.
Deel Launches Stablecoin Salary Payouts and Appoints Head of Crypto to Lead New Dedicated Department
Deel, the global people platform trusted by 40,000+ businesses to hire, manage, and pay teams across 150+ countries, today launched stablecoin salary payouts powered by BVNK, and announced the formation of a dedicated crypto division, headed by Thierry Edde as Head of Crypto at Deel.
Octane Closes $350 Million Forward-Flow Agreement with Nuveen
Octane® (Octane Lending, Inc.), the fintech company unlocking the power of financial products for retailers and consumers, announced today that it has executed a $350 million forward-flow agreement with Nuveen, the global investment leader managing $1.4 trillion in public and private assets for clients including TIAA, its parent company, and one of the world’s largest institutional investors. Guggenheim Securities, LLC acted as sole structuring advisor and arranger on the transaction.
Tucson Federal Credit Union Partners with InvestiFi to Embed Digital Investing Solutions
InvestiFi, the award-winning digital investing solutions provider for financial institutions, has announced its partnership with Tucson Federal Credit Union (TFCU), embedding its InvestTech solutions into their existing online banking platform. With the new partnership, the credit union's members will have the ability to invest digitally in stocks and cryptocurrency directly from their checking accounts.
Mastercard Has Collaborated with Commercial International Bank (CIB) to Support Digital Payments Innovation
Mastercard and CIB, Egypt’s leading and largest private-sector bank, have renewed their partnership to support digital payments innovation and expand access to financial solutions in Egypt.
Abhi Collaborates with Alruqee Group to Offer Instant Salary Access
Abhi Saudi, powered by Alraedah Digital Solutions, has partnered with Alruqee Group, a diversified business group in Saudi Arabia, to introduce Earned Wage Access (EWA) for its employees.
Driftwood Hospitality Management Expands with Flywire to Streamline Guest Payments Throughout 90 U.S. Locations
Flywire Corporation (Nasdaq: FLYW), a global payments enablement and software company, today announced the expansion of its partnership with Driftwood Hospitality Management (“Driftwood”), a leading hotel management company, to deploy Flywire's hospitality solutions across nearly 90 U.S. hotel locations. Driftwood, an existing customer of Flywire’s solutions for payments, signatures and authorizations, is rolling out enhanced payments capabilities to further streamline guest transactions and back-office operations.
IVP Partners with Sigma to Deliver Real-Time Analytics for Alternative Asset Managers
Indus Valley Partners (“IVP”), a premier global provider of software and technology solutions to the world’s most sophisticated investment managers, today announced a strategic analytics partnership with Sigma, a leader in AI applications and agentic analytics for business.
Deel Launches Stablecoin Salary Payouts and Appoints Head of Crypto to Lead New Dedicated Department
Deel, the global people platform trusted by 40,000+ businesses to hire, manage, and pay teams across 150+ countries, today launched stablecoin salary payouts powered by BVNK, and announced the formation of a dedicated crypto division, headed by Thierry Edde as Head of Crypto at Deel.
Octane Closes $350 Million Forward-Flow Agreement with Nuveen
Octane® (Octane Lending, Inc.), the fintech company unlocking the power of financial products for retailers and consumers, announced today that it has executed a $350 million forward-flow agreement with Nuveen, the global investment leader managing $1.4 trillion in public and private assets for clients including TIAA, its parent company, and one of the world’s largest institutional investors. Guggenheim Securities, LLC acted as sole structuring advisor and arranger on the transaction.