is the city-state's long-term vision for fintech development, encompassing key infrastructure platforms such as a national ID framework and the Open API Platform.
SFA and Razer Fintech's planned pillars of support highlight ways to help the industry aside from funding. SFA is set to work closely with Razer Fintech to identify promising fintechs that can then apply for bridge financing, equity, or equity-linked instruments ranging from $100,000 to $1.5 million depending on the stage of growth and requirements.
As fintech funding contracts due to market uncertainty, governments could look to other policy initiatives beyond lending programs to better support their fintech sectors, such as branding campaigns, better access to talent, and international collaboration. As the SFA and Razer Fintech partnership shows, there's a whole host of initiatives that can be implemented in addition to lending programs; for example, the US' $660 billion Paycheck Protection Program .
CB Insights, meaning that fintechs will have less money to carry out critical business growth strategies, such as marketing and hiring new talent. Governments could organize industry events, similar to SFA and Razer, to enhance awareness of their national fintech ecosystems, promoting a sense of community among the local startups and attracting overseas investors.
Finally, in troubling times such as now, it's more important for fintechs to have access to talent to continue developing their innovative solutions.
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