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MAS, SFA, and AMTD launch $6 mil grant to support Singapore FinTech firms

Felicia Tan
Felicia Tan5/13/2020 05:40 PM GMT+08  • 3 min read
MAS, SFA, and AMTD launch $6 mil grant to support Singapore FinTech firms
The grant complements the $125 million support package announced by MAS on April 8 to sustain and strengthen capabilities for local financial institutions and FinTech firms amid the economic slowdown.
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SINGAPORE (May 13): The Monetary Authority of Singapore (MAS) along with Singapore FinTech Association (SFA), AMTD Group and AMTD Foundation (collectively known as AMTD) launched a $6 million MAS-SFA-AMTD FinTech Solidarity Grant to help Singapore-based FinTech firms tide through the challenging business climate amid the Covid-19 pandemic.

The grant aims to help fintech firms maintain their regular business operations and to continue to innovate and grow.

AMTD has provided an initial $2 million to support FinTech businesses, while MAS will provide an additional $4 million from the Financial Sector Development Fund.

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