TLDR:
- Singapore FinTech Association (SFA) launches Project Tapir to connect Singapore’s FinTechs with Malaysian VCs
- Project Tapir aims to provide Singapore FinTech companies with a comprehensive ecosystem for expansion into Malaysia
The Singapore FinTech Association (SFA) has launched Project Tapir in partnership with Malaysia-based venture capital (VC) firms, Artem Ventures and OSK Ventures International Berhad (OSKVI). The project aims to identify and showcase promising Singapore FinTech companies interested in expanding into Malaysia. Companies in various sectors including payments, regtech, insurtech, AI, sustainability, education, healthcare, and enterprise tech are being targeted for this initiative. With the support of 1337 Ventures, a Malaysian-based VC firm, SFA hopes to provide Singapore FinTechs with the necessary resources for successful market entry.
Under Project Tapir, SFA will play a crucial role in selecting Singapore FinTech companies to participate in a business mission to Malaysia in May 2024. The anchor venture capital firms, Artem Ventures and OSKVI, will provide support to the selected companies in their expansion efforts, including local industry insights and advice. This partnership aims to strengthen the ties between the Singaporean and Malaysian FinTech ecosystems, fostering economic growth and innovation in both countries.
Through this cross-border collaboration, Singaporean FinTechs will receive support for overseas expansion while Malaysia will be highlighted as an attractive destination for foreign investments. The initiative represents a significant step towards promoting bilateral interests and economic growth in the Southeast Asian region.
The SFA, Artem Ventures, OSKVI, and 1337 Ventures are optimistic about the positive impact of Project Tapir on the regional FinTech ecosystem, laying the foundation for future collaborations and growth opportunities.
