Singapore commits $111.5m to fintech ecosystem
The Monetary Authority of Singapore (MAS) has committed to invest up to SGD 150m (USD 111.5m) over three years in the local VC and financial technology start-up ecosystem.
It marks a renewal of the Financial Sector Technology & Innovation Scheme, or FSTI, which was launched in 2015. The first tranche awarded around SGD 100m to some 500 projects; a second tranche of SGD 200m...
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