INITIATED & SUPPORTED BY ABOUT AMTD ASEAN-SOLIDARITY FUND
AMTD Group and AMTD Charity Foundation (collectively “AMTD”) partnered with the ASEAN Financial Innovation Network (“AFIN”) to establish a solidarity fund with a proposed and initially available capital of SGD 50million to support and anchor eligible FinTech companies registered in the API Exchange Platform (“APIX”) in ASEAN countries during this challenging time of the pandemic.
AMTD ASEAN-Solidarity Fund (the “Fund”) intends to offer financial support under the oversight of a Strategic Investment Advisory Committee comprising of representatives from AFIN’s Board of Directors. In addition to financial support, the Fund will offer full access to AMTD’s SpiderNet ecosystem, with opportunities to collaborate with each other across ASEAN Countries, Hong Kong and China. Financial support for the eligible applicants will be made available through two parallel programmes.
The AMTD ASEAN-Solidarity Fund will support APIX-registered ASEAN FinTechs through this pandemic through two programmes:
• FinTech Solidarity Grant - grants available to Singapore-based FinTechs to help them maintain their operations and enable them to continue to innovate and grow. Apply directly through Singapore FinTech Association (SFA). More details can be found under the "FinTech Solidarity Grant" page via the link here.
• Sustainability Investment Scheme - equity, convertible or debt. Applications open on 27th April on APIX - API Exchange. FinTechs will be assessed within 14 days of application