Despite recent risks like the Silicon Valley Bank collapse and a drop in venture capital funding, Singapore fintech start-ups entering the United States say that expanding there is worth it for the access to a large market, talent, and financial institutions.
“The US is like putting Singapore, Hong Kong and Switzerland together, plus Indonesia. You have the wealthy as well as the developed markets, in addition to a huge population,” said Mr Rony J. Palathinkal, chief executive of GreenArc Capital.
The start-up, whose clients include the New Mexico state government’s sovereign wealth fund and French banking group BNP Paribas, uses algorithms to help investors calculate the social and environmental impact of their investments.
