US$1 Billion Throughput and grant of Capital Market Services (CMS) License

10 September 2024, Singapore – Olea Global Markets Pte Ltd, a wholly-owned subsidiary of Olea Global Pte Ltd (Olea), has successfully obtained a Capital Markets Services (CMS) License from the Monetary Authority of Singapore (MAS) for dealing in capital markets products. Olea has also passed the US$1 billion milestone for supply chain and trade assets […]

BIM Ventures and SC Ventures Sign Memorandum of Understanding to Foster Innovation and Build Fintech Companies at the 24Fintech Conference

BIM Ventures has partnered with SC Ventures, part of Standard Chartered, to sign a Memorandum of Understanding (MoU) aimed at collaborating on fintech innovations tailored for the Saudi market, with a focus on creating impactful joint ventures. This collaboration leverages the deep expertise of both companies, combining BIM Ventures’ multidisciplinary venture-building capabilities with SC Ventures’ […]

2024 Q2 Quarterly Perspectives

Exploring AI All eyes are on Artificial Intelligence (AI) and Generative AI (GenAI). Our industry is still experimenting with the technology and we are no different, but it will come as no surprise that AI is already part of our daily activities and our ventures have incorporated AI in their businesses. For example, TASConnect, our […]

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 and NEXT176 to launch a wealth platform that makes financial and wealth planning accessible to all

Singapore, April 4, 2024 – SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, and NEXT176, the venture building and investment arm of Old Mutual, a Pan-African financial services group, have joined forces to launch an inclusive financial wellness platform. With a shared vision to address financial inclusion, and improve access to budgeting and financial […]

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 […]

SC Ventures launches SOLV Ghana to empower MSMEs to scale operations, integrate into Asia-Africa trade corridor

Accra, February 28, 2024 – SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, is launching SOLV Ghana, a business-to-business (B2B) online marketplace that offers micro, small, and medium enterprises (MSMEs), short-term invoicing financing, buy now pay later services, and business loans via a trusted marketplace of verified buyers and sellers. “At SOLV, our […]

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 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 […]

The Digital Banker names Alex Manson Digital Assets Leader of the Year

Alex Manson named Digital Assets Leader of the Year

Singapore, October 5, 2023 – The Digital Banker, a financial news publication, named Alex Manson Digital Assets Leader of the Year during the Digital Assets Awards 2023. Manson, who leads Standard Chartered’s innovation, fintech investment and ventures arm, was selected for his leadership in expanding the digital assets ecosystem. “Under Alex’s leadership, SC Ventures has […]

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 […]

Meet Jason Wiggin, leading Intrapreneurship at SC Ventures

  👋 Hi Jason, tell us about yourself! What are 3 words that best sum you up? J: Direct, Social and Plucky What do you do at SC Ventures, and how are you rewiring the 🧬 DNA in banking? J: I basically harvest ideas from internal folks – whether at SC Ventures, Standard Chartered or […]

SC Ventures exits stake in Metaco SA

Metaco

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 […]