Singapura Finance to invest US$3m in MatchMove PowerBank

Following the completion of the equity financing, Singapura Finance will hold approximately 10 per cent of PowerBank's share capital on a fully-diluted basis, or about 1.8 million Class A ordinary shares in the company.

In October last year, Singapura Finance also paid US$5 million for a 1.6 per cent stake in MatchMove. In January this year, The Business Times reported that Singapura Finance and MatchMove were believed to have teamed up in hopes of landing a digital bank licence in Singapore. As at June 18, 14 of the 21 digital bank applications have progressed to the next stage of assessment. They comprise five digital full banks and nine digital wholesale banks.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Singapore takes lead to boost transparency in trade financeWITH the commodity-trade finance business rocked by scandals and structural issues such as falling prices and regulatory pressures on profits, industry watchers are certain that this age-old business is due for reckoning. Read more at The Business Times.
Herkunft: BusinessTimes - 🏆 15. / 51 Weiterlesen »