- How SMEs and Business Owners can Benefit from an Enterprise Mobile Plan
- Updated: LOWEST BUSINESS LOAN Rates: Lowest 4.75% EIR | Pay $2,508 per year interest for $100K over 5 years | DBS Bank
- Updated New Commercial Property Loan Rates: Lowest 3M SORA rate: OCBC | Lowest Fixed Rate: DBS
- CAREER CONVERSION PROGRAMME (CCP) FOR SME EXECUTIVES- Up to 90% Salary Support For Newly Hired
- Filing and Serving a Claim with the Small Claims Tribunal
- Is the new DBS Home Equity Income Loan really an attractive option for seniors?
- How can Employers Tap on The Work-Study Programmes to Bring in New Hires?
- Employing Workers with Special Needs in Singapore - What Other Grants Support Is There?
- What Must F&B Businesses Do To Comply With Hygiene And Food Safety Standards
- What Happens If You Miss A Home Loan Payment In Singapore? |Smart Towkay
COVID-19: MAS-SFA-AMTD FinTech Solidarity Grant 2020

Are you a FinTech company registered in Singapore? Are you a Singapore FinTech Association (SFA) member with a valid SFA FinTech Certificate? You may be eligible to apply for the MAS-SFA-AMTD FinTech Solidarity Grant!
To support Singapore-based FinTech companies amid this challenging business climate caused by the Covid-19 pandemic, the Monetary Authority of Singapore (MAS), SFA and AMTD Group have just announced a S$6 million grant - the MAS-SFA-AMTD FinTech Solidarity Grant.
The Grant aims to help FinTechs manage their cash flow better, support them in generating new businesses, and provide greater support for FinTechs to pursue growth strategies. This Grant also complements MAS’s $125 million support package for the fintech industry.
SFA is the grant administrator and will review and assess the applications.
MAS-SFA-AMTD FinTech Solidarity Grant
Business Sustenance Grant: To help Singapore FinTechs tide through this Covid-19 period and save jobs.
The overall cap is S$20,000, consisting of:
- Wage Support: Up to S$2,000 per local staff per month and S$1,000 per intern for 6 months
- Rental Support: Up to S$4,000 for up to 6 months for office space
Business Growth Grant: To foster the continued growth of Singapore-based FinTech companies and help them offset their POC costs through:
- 70% of Qualifying Costs: Up to $80,000 for expenses related to POCs/ Projects on APIX Platform
- 100% of Internship Funding: Up to $20,000 for fintechs with more than 30 staff, and $10,000 for fintechs with 30 staff or less
ELIGIBILITY
- Registered and in operation in Singapore for at least 3 months before grant application
- At least 2 or more core activities in Singapore
- SFA member with a valid SFA Fintech Certification
* Please note that only one application is allowed per company or Group of related companies
Application begins on 18th May 2020.
For more information, please visit https://singaporefintech.org/mas-sfa-amtd.
For any questions regarding the grant, email to grant@singaporefintech.org.
----------------------------------------------------------------------------------------------------------
Not sure whether your company can be qualified for bank loans or alternative lending? Try our A.I assisted loan, and Smart Towkay team will send you a lending report within 24 hours' time. With the lending report, we aggregate and recommend the highest chance of approval be it with BANKS / FINANCIAL INSTITUTIONS or Alternative lenders like Peer to Peer Lenders or even B2B lender!
Got a Question?
WhatsApp Us, Our Friendly Team will get back to you asap :)
Share with us your thoughts by leaving a comment below!
Stay updated with the latest business news and help one another become Smarter Towkays. Subscribe to our Newsletter now!
