- The Singapore Fintech Association launched Project Tapir.
- They will identify promising companies, especially in payments and AI.
- The initiative aims to facilitate cross-border expansion.
The Singapore Fintech Association (SFA) has launched Project Tapir, a new initiative aimed at promoting the expansion of Singapore-based fintech companies into neighboring Malaysia. SFA has partnered with Malaysian venture capital firms Artem Ventures and OSK Ventures International on the project.
A promising Singapore fintechs
Project Tapir will identify promising Singapore fintechs and assist them in entering the Malaysian market beginning in May. The project will target payments, insurtech, AI, and emerging technology companies, among others.
According to SFA, Malaysia offers an attractive location for foreign fintech investments.
Aiming to facilitate the expansion
In the second half of 2023, AI-focused fintechs in Singapore saw a 77% year-over-year rise in funding, while crypto and insurtech experienced decreases.
SFA president Shadab Taiyabi said Project Tapir will support SFA members while benefiting the economic and talent markets of both countries.
Project Tapir aims to facilitate Singapore fintechs’ expansion into the neighboring market and strengthen economic ties between the countries.
To read the original article in its entirety: https://www.techinasia.com/singapore-launches-project-boost-fintech-firm-expansion-malaysia
