Illuminate Financial, the specialist venture capital investor dedicated to early-stage FinTech and enterprise software companies, announced a strategic partnership with Singapore Exchange (SGX Group), Asia’s leading international multi-asset exchange.
In connection with the partnership, SGX Group will become a limited partner in Illuminate Financial’s latest venture capital strategy, which backs early-stage FinTech and enterprise software companies globally driving innovation in the financial services industry.
Amit Kedia, Head of Strategic & Fintech Investments, SGX Group, said: “As a pioneering innovator in Asia’s capital markets infrastructure, SGX Group has invested in digital solutions and technology that capture the future of capital markets across asset classes. We look forward to partnering with Illuminate Financial, and to connecting with FinTech players globally that are at the forefront of innovation.”
Luca Zorzino, Head of Asia Investments at Illuminate Financial said: “We are excited to work with SGX Group as our first strategic partner in Asia to continue driving the FinTech innovation agenda in Asia-Pacific. This expansion marks a natural progression in Illuminate Financial’s evolution as a global investor in B2B FinTech companies.”
Southeast Asia remains attractive for FinTech funding investments despite external pressures. Singapore accounts for a lion’s share of ASEAN FinTech investments, securing more than half of the total 163 deals, amounting to US$1.8 billion, and 43% of total funding in the first three quarters of 2022, according to a UOB report.
Illuminate Financial is led by Mark Beeston, Founder and Managing Partner, alongside partners Alexander Ross and Rezso Szabo. The venture firm, which operates out of London, New York, and Singapore, has to date invested in more than 30 late-Seed to Series A companies addressing core challenges across financial services. Investment themes within enterprise FinTech include Digital Assets Infrastructure, Climate and ESG, Data and Private Markets, as well as Tech Infrastructure that targets the financial services industry.
Source: Illuminate Financial
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
🏆 The 2026 Global Markets Choice Awards are here! 🌍 Nominations are officially OPEN for the celebration of excellence in global capital markets trading & technology. Nominate below:
https://www.jotform.com/form/260086385121150
Delaware Life Insurance Company is becoming the first insurance carrier to offer an index that contains cryptocurrency, adding the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity (FIA) portfolio.
As the digital assets industry pushes toward…
Franklin Templeton is expanding its tokenized fund suite, signaling growing institutional demand for blockchain-based fund infrastructure and regulated investment products moving onchain. Read the full article below:
$50 billion in active ETF inflows helped fuel a record year for @BlackRock 's iShares business, as investors continue to lean into active strategies.
Related articles
-
The CFTC approved contract aims to expand global access to the Korean equity market.
-
Strium will provide the rails for tokenized securities and RWA-linked instruments to scale.
-
The market is now worth AUD $2bn.
-
Exchange exec cites a necessary reset to ensure delivery of resilient market infrastructure for Australia.
-
Building a regulated institutional-grade market for crypto derivatives requires strong clearing participation.