tryb conducted a survey in late October 2018 to obtain views from fintech companies and limited partners (LPs) on a wide range of topics, including market conditions, the fundraising environment and opportunities in Southeast Asia.
- Fintechs reported strong growth in their markets and are now focused on scaling and fund raising
- Over 40% of LPs are planning to increase investment into fintech investment strategies in 2019
- Nearly 75% of LPs were bullish on fintech in Southeast Asia with Indonesia as the most attractive market
- Payments, lending and enterprise technologies were the most attractive fintech sectors to LPs
- Strong demand from fintechs and LPs for investors with specific mandates and expertise in fintech
Lightbulb Capital’s 2018 Singapore FinTech Champions List showcases and celebrates the diversity and talent in the Singapore FinTech community. In order to create this list, they identified some of the key people making a difference in the industry and sent a short questionnaire asking them to highlight their primary focus, their key challenges and some more personal skills and attributes.
tryb Co-Founder Markus Gnirck was named as one of the FinTech Champions in this list. He was rewarded for ‘having started the FinTech movement in Singapore’. We are grateful at tryb to be able to foster the vibrant ecosystem in ASEAN and support entrepreneurs on their journey.
tryb Group announces investment into First Circle, a Philippine-based fintech firm that provides supply chain and trade financing to SMEs.
- tryb invested alongside other prominent investors to enable First Circle to expand nationwide in the Philippines
- First Circle raised US$26M for the Series A funding round which included Venturra Capital, Insignia Ventures Partners, Silverhorn Investment Advisors and tryb Group.
Singapore, 4 October 2018 – First Circle, a pioneering lending platform dedicated to small and medium enterprises (SMEs), has secured an additional US$26 million in a Series A funding round. International firms Venturra Capital, Insignia Ventures Partners, Silverhorn Investment Advisors and tryb Group led the round, underscoring strong interest from a diverse set of investors.
The Short Stick
- There is growing institutional acceptance that crypto is a potential long term store of value
- Security tokens are now a real thing and can be assessed as a regular investment
- ASEAN is behind the curve as usual, but Singapore will be our regional first mover and some firms are headed down this path.
- Be on the look out for fundamentally sustainable opportunities in this space
This week, I attended the 7th iteration of Singapore Intellectual Property (“IP”) Week at Marina Bay Sands and spoke as part of a panel on “Monetising Intangible Assets for Exponential Growth“. Overall, the conference was quite eye-opening as the experience of it was very different from my initial expectations. In particular, the event allowed tryb to access many senior decision makers, two of whom were my fellow panelists – Satvinder Singh (Assistant CEO, Enterprise Singapore) and Tan Shau En (Assistant Chief Executive, Intellectual Property Office of Singapore [“IPOS”]).
This is a cross post done by tryb Product Development intern, Finn Qiao. Finn is a graduate student at McCormick School of Engineering – Northwestern University where he is using Python and pandas in data science and analytics.
Data Wrangling and Exploratory Data Analysis of Non-Performing Loan (NPL) Data
A recent analysis of the Southeast Asian credit markets at work brought to light some nuances regarding credit culture in this particular region. The data got me thinking about global credit health and non-performing loan rates globally. Given my recent foray into data analysis, I thought a notebook was in order.
tryb Co-Founder Markus Gnirck is named as one of the Top 50 FinTech Influencer in Singapore by Lattice80. The list identifies some of the most important thought leaders who are creating action and impact in Singapore.
Read the full list here.
tryb Group announces an investment of US$30 million by Makara Innovation Fund to accelerate the development of its financial infrastructure platform for ASEAN
- Investment funds will be used to acquire, develop and scale up growth stage financial technology companies that have strong intellectual property and are focused on digitising financial flows, prioritizing key segments as related to SME lending, trade finance and micro-credit
- The partnership is driven by tryb and Makara Innovation Fund’s shared vision to execute buy-and-build strategies in support of delivering a scalable financial technology platform in ASEAN that bridges international capital market investors with ASEAN’s underserved consumers and businesses
- tryb’s fintech platform is strategically poised to become the leading financial technology company in ASEAN driving digitisation and propelling financial inclusion for the region
Singapore/Stockholm/London – Anglo American, a globally diversified mining business, has signed a deal with tryb portfolio company Chinsay to implement Chinsay’s Recap Manager, a single cloud-based SaaS system for end-to-end contract management for ocean freight operations.
Anglo American will utilise Chinsay’s Recap Manager system for creating, reviewing and managing digital freight contracts. Anglo American’s contract data will be hosted and protected by Chinsay, applying the highest standards for security and integrity.