Seoul Fintech Lab and Singapore Fintech Association Ends ‘Seoul Fintech Meet’ Successfully

Held as an online networking event to prepare for the post COVID-19 era

Through collaboration between Seoul Fintech Lab (SFL) and Singapore Fintech Association (SFA), Korea’s fintech startups met up for exchange with investors and the related industry workers in Southeast Asia.

“Singapore is a country where the most number of SFL startups have entered. This city state holds significance as companies that have entered this market can expand their business across Southeast Asia”

SFL hosted the online ‘Seoul Fintech Meet’ as part of the 10X Extension in Singapore on the 10th. This event was promoted to introduce Seoul to the world as an emerging global fintech city, and help domestic fintech startups in their global market entry.

It was a meaningful event to introduce Korea’s fintech startups dreaming for global market entry through video conferencing, while face-to-face networking has been disabled due to the spread of COVID-19.

Recommended AI News: Diginex adds Borrowing and Lending Capabilities

At the start of the event, an online ceremony for the MOU signing between SFL and SFA was held. Both parties also agreed on cooperation to develop the fintech industry and foster fintech startups, raising expectations to play important roles in shared growth of both cities.

In their welcoming speeches, Managing Director HoHyun Ko of SFL and President Chia Hock Lai of SFA promised to provide every support necessary in the information exchange and growth of fintech startups in Seoul and Singapore.

Gug-hyun Im, Head of Financial Industry Team, Division of Economic Policy of the Seoul Metropolitan Government gave a special presentation titled “Seoul, the City of Fintech and Innovation” where he introduced the city’s support for fintech and financial industries and also proposed a blueprint for developing Seoul into a city of global financial competitiveness.

Julien Ng, Assistant Director of Fintech & Innovation Group at Monetary Authority of Singapore presented about “Support for Fintechs in Singapore.” Ng expressed his wish for Korean fintech startups’ entry to the Singaporean market, while explaining about a plan to open personal communication channels for Korean fintech startups.

Then, SBCN, XQuant, Finhaven, Fin2B, and 800m, the SFL startups, pitched their businesses. At the networking session, the Singaporean participants and SFL startups gathered up around virtual tables prepared for each startup. The participants chose a table and freely engaged in networking with the startups.

Recommended AI News: Hot Startups : Latest News And Updates On Daily Roundup

Through close cooperation with SFA, Seoul Fintech Meet was made within the Singapore Pavilion of Singapore Fintech Festival, the world’s largest event of its kind. As a result, over 110 Singaporean local investors, accelerators, and fintech companies pre-registered for the event.

“Seoul Fintech Meet was a meaningful opportunity to meet with the members of Singapore’s fintech industry,” said CEO Sang-hyun Son of SBCN. “As Korean fintech startups are receiving a high level of attention in the Southeast Asian countries including Singapore, we will build competitive power and accelerate our entry into the market.”

“Singapore is a country where the most number of SFL startups have entered. This city state holds significance as companies that have entered this market can expand their business across Southeast Asia,” said HoHyun Ko, Managing Director of SFL. “This event was organized through collaboration with SFA to help Korean fintech startups find a way out of their difficulty in global market entry. As much as so, I hope this meet-up will provide them with substantial assistance.”

SFL supports a business space for up to two years to startups and provides the “Accelerating” programs according to the growth stage of each startup, such as on mentorship and educational and marketing support. SFL organizes online meet-ups to help the startups in their global network expansion along with several programs to assist in overseas market entry including support for participation in leading fintech exhibitions and conferences abroad and preparation for IR, marketing, and PR.

Recommended AI News: Introducing Bitcoin Zero: Real Bitcoin, Net Zero Emissions