Gaming giant Razer Inc leads consortium for online banking license from Singapore

On Thursday, gaming firm Razer Inc stated, it is leading a consortium of companies that has applied for online banking license in Singapore.

Razer’s fintech business will have a 60% stake in the consortium which includes FWD, an insurance firm, and Sheng Siong Holdings, a private vehicle of the Lim brothers behind a Singaporean supermarket chain.

In a statement, Razer Fintech said, its bid to set up a retail bank will leverage “on the strength of Razer as a lifestyle brand synonymous with the youth and millennials, Razer’s global presence and the innovative digital payments platform Razer Fintech has built.”

The consortium includes venture capital firm Insignia Ventures Partners, mobile internet company LinkSure Global and vehicle marketplace Carro.

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