SFA, Razer Fintech collaborate to support the fintech industry

It includes business continuity concerns, high business costs, funding, and employment.

Singapore FinTech Association (SFA) and Razer Fintech, Razer Inc.’s financial technology arm, collaborate to address the key issues and mobilise support for the fintech community, according to an announcement.

This will include business continuity concerns, high business costs, funding, and employment.

This follows the announcement by Razer of a $71.17m COVID-19 support fund, leveraging on Razer Fintech, Razer Gold, and corporate ventures arm zVentures to support business partners and help them tide over the negative impact brought about by COVID-19.

Cash flow and marketing support programmes, curation of fintech companies, support in the evaluation and due diligence process, and promotion of the fintech scene through joint networking events will be done as part of the agreement, leveraging on SFA’s capabilities and Razer’s ecosystem

Interested fintech companies can get assistance in the form of bridge financing, equity or equity-linked instruments ranging from around $142,300 to $2.13m depending on the stage of growth and requirements.