The Singapore FinTech Association (SFA) launches Project Tapir in collaboration with Artem Ventures and OSK Ventures International Berhad, aiming to facilitate the expansion of Singaporean FinTech companies into Malaysia. With support from venture capital firm 1337 Ventures, the initiative provides selected FinTechs with a comprehensive ecosystem to ensure successful market entry into Malaysia, fostering bilateral ties and promoting economic growth in both countries.
7 March 2024 – In a bid to foster cross-border collaboration and facilitate the expansion of Singaporean FinTech companies into Malaysia, the Singapore FinTech Association (SFA) has launched Project Tapir. This initiative, formed in partnership with Malaysia-based venture capital firms Artem Ventures and OSK Ventures International Berhad (OSKVI), aims to identify and showcase promising FinTech ventures interested in venturing into the Malaysian market. The project encompasses various sectors including payments, regtech, insurtech, AI, sustainability, climate-related tech, education, healthcare, enterprise tech, and emerging technologies.
SFA’s strategic collaboration with Artem Ventures and OSKVI, supplemented by the support of Malaysian-based VC firm 1337 Ventures as a secondary partner, seeks to provide Singaporean FinTechs with a robust ecosystem conducive to successful market entry. Through Project Tapir, these partnerships aim to offer selected companies comprehensive support, including access to local industry insights and guidance, to enhance their expansion efforts in Malaysia.
Shadab Taiyabi, President of SFA, underscores the association’s commitment to facilitating the regional expansion of Singaporean FinTechs, emphasizing the importance of finding suitable growth partners for firms seeking to extend their reach beyond national borders. Low Zhen Hui, Managing Partner of Artem Ventures, expresses pride in championing the integration of Singaporean FinTechs into Malaysia’s dynamic tech landscape, aiming to drive economic growth, innovation, and job creation within the Malaysian market. Amelia Ong, CEO of OSK Ventures International Berhad, reaffirms the firm’s dedication to fostering sustainable growth and digitalization in Southeast Asia, highlighting the initiative’s role in strengthening bilateral ties and empowering FinTechs with the necessary resources to thrive in an evolving ecosystem.
This cross-border collaboration not only serves the interests of both the Singaporean and Malaysian governments but also positions Malaysia as an attractive destination for foreign investments while supporting Singaporean FinTechs in their expansion endeavors overseas.
