Singapore launches FinTech Solidarity Grant
May 14, 2020
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The Monetary Authority of Singapore, Singapore FinTech Association and AMTD has launched a S$6 million grant to support Singapore-based FinTech firms amid the challenging business climate caused by the COVID-19 pandemic.
The Grant complements the S$125 million support package announced by MAS on 8 April 2020 to sustain and strengthen capabilities in the financial services and FinTech sectors. AMTD has provided an initial S$2 million to support the Singapore FinTech ecosystem. MAS will provide an additional S$4 million from the Financial Sector Development Fund, taking the total grant amount to S$6 million. Applications for the Grant will open on 18 May 2020 and will be available until 31 December 2021.
