The Singapore FinTech Affiliation (SFA) has partnered with Razer Fintech to supply monetary assist to Singapore’s fintech business amid the coronavirus (Covid-19) pandemic.
The fintech business is at present going through points together with enterprise continuity considerations, excessive enterprise prices, funding and employment.
The collaboration will leverage SFA’s capabilities and Razer’s ecosystem to assist the group with numerous assist measures.
The partnership will provide cash move and advertising and marketing assist programme. It is going to allow due diligence processes like certification, screening and reference checks.
The businesses can even conduct joint networking occasions and make investments or kind partnerships to assist curate the fintech corporations within the nation.
Fintech corporations can apply for bridge financing, fairness or equity-linked devices starting from $100,000 to $1.5m relying on the stage of development and necessities.
The newest measures observe Razer Fintech’s $50m dedication to its Covid-19 Help Fund introduced earlier this month.
The funding contains annual price waivers for retailers in Southeast Asia through Razer Fintech’s business-to-business fee service Razer Service provider Companies (RMS).
RMS can be providing particular charges for offline funds, lowering sign-up charges to zero, and giving $10,000 in advertising and marketing funds to every service provider.
Equally, Razer Fintech’s business-to-consumer fee service, dubbed Razer Pay, is providing $10,000 in advertising and marketing funds to every service provider and lower its service provider low cost fee to zero for six months.