SC Ventures was lauded at the SBR Technology Excellence Awards for exploring digital asset potential
The innovation, fintech investment and ventures arm of Standard Chartered has achieved a significant milestone in cross-border payments and financial innovation. SC Ventures took home the SBR Technology Excellence Awards 2024 for the Blockchain – Financial Technology category for its successful completion of the first Universal Digital Payments Network (UDPN) proof-of-concept (PoC) that addresses the […]
SC Ventures and ENGIE Factory partner on startup to bolster funding for conservation projects
The venture will leverage emerging technology to identify, evaluate and drive capital into critical conservation efforts worldwide. Singapore, April 17, 2024 – SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, and ENGIE Factory, the startup studio of ENGIE Group, a French multinational utility company, are joining forces to invest in a venture aimed […]
SC Ventures makes strategic investment in Algbra, establishes partnership with its UK sustainable finance platform Shoal
LONDON, April 15 2024 – SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, has announced a strategic investment in Algbra, an ethical finance focused and sharia-compliant UK-based fintech. As part of the agreement, Shoal, SC Ventures’ sustainable finance platform, will partner with Algbra. The terms of the deal are undisclosed. Demand for sustainable […]
SC Ventures Leads Hive’s €12M Series A, Enabling Sustainable Distributed Cloud Computing for the Masses
Hive’s technology aims to transform 70% of the world’s unused device capacity into a global supercomputer. Geneva, March 20, 2024 – SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, is leading a €12 million (USD $13 million) Series A round for distributed cloud provider Hive, to increase access to sustainable, high-powered computing resources […]
audax Financial Technology and Thought Machine announce strategic partnership to create customised end-to-end digital banking solutions, at faster speeds and lower costs
Designed to deliver pre-integrated digital banking and Banking-as-a-Service (BaaS) solutions to meet modern customer needs. The joint solution integrates audax’s scalable digital banking platform with Thought Machine’s highly configurable core banking technology to provide institutions with fully customisable financial products for their end customers. Output will seamlessly coexist with existing legacy core systems, facilitating the […]
SC Ventures Opens Abu Dhabi Office to Tap into GCC’s Dynamic Technology and Business Ecosystem
Gautam Jain will lead the office to explore the region’s talent and capabilities in innovation and technology. Singapore, Jan. 22, 2024 – SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, has opened open an office in Abu Dhabi Global Market (ADGM), United Arab Emirates (UAE), to tap into the region’s vibrant technology and […]
SC Ventures launches Libeara to provide a tokenisation platform, which will aid creation of the first tokenised Singapore Dollar Government Bond Fund for investors
Singapore, November 14, 2023 – SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, is launching Libeara, a tokenisation platform democratising investment by creating more accessible, transparent and secure markets. In partnership with FundBridge Capital Pte. Ltd. (FundBridge), a Capital Market Services License holder, regulated to conduct fund management activities by the Monetary Authority […]
SC Ventures, SBI Holdings to partner in setting up a Digital Asset Joint Venture in UAE
The joint venture will focus on investing in companies across the digital assets spectrum including market infrastructure, risk and compliance tools, DeFi, tokenisation, consumer payments, and the Metaverse. Dubai, November 9, 2023 – SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, is partnering with SBI Holdings, a Japanese financial conglomerate, to establish a […]
myZoi raises US$14 million to bolster financial inclusion, receives regulatory approval from the Central Bank of the UAE
myZoi is backed by SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm. Secured two licenses from the Central Bank of the UAE – Stored Valued Facilities and Retail Payments Services and Card Schemes. Received funding from SC Ventures and SBI Holdings as part of the latest funding round. UAE, SEPTEMBER 5, 2023 – […]
SC Ventures Sells Incubated Venture CardsPal to utu
Travel-tech firm utu will leverage CardsPal’s hyper-localized rewards tech expertise for rollout in major tax-free shopping markets. Singapore, June 28, 2023 – SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, has completed the sale of CardsPal, a Singapore-based platform offering hyper-localized rewards, to utu, a Singapore-based travel-tech firm transforming customer experiences in tax-free […]
SC Ventures exits stake in Metaco SA
SC Ventures was an early investor in Metaco’s vision for institutions to operate digital assets in a safe and compliant ecosystem Singapore, May 25, 2023 – SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, has exited its stake in Metaco SA (Metaco), a Swiss-based tech firm offering critical software infrastructure that enables institutions […]
Standard Chartered-backed Zodia Custody and SBI establish joint venture to set up the first tier 1 crypto asset custodian in Japan
London, UK — 02 February 2023 — – Zodia Custody Limited (“Zodia Custody”), a leading crypto asset servicing provider for institutional investors and a subsidiary of Standard Chartered, and SBI Digital Asset Holdings Co., Ltd. (“SBI DAH”) announce that they have entered into definitive agreements to launch a joint venture in Japan. Subject to anti-trust […]
Digital assets move one step closer to standardised processing in multibank partnership
26 January 2023, Singapore/Frankfurt – SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, Landesbank Baden-Württemberg (LBBW) one of the largest banks in Germany, DekaBank and financial software specialist Comyno have entered into a joint venture to create SWIAT, a blockchain platform that enables real time settlement and trading of traditional and digital data, […]