K-Startup Center Singapore Supports Local Financial Services Through UOB
Establishing a Partnership with Singapore-based Local Bank United Overseas Bank
The Small and Medium Business Corporation announced on the 9th that it has established a partnership with the local bank United Overseas Bank to expand local financial services and support partner discovery for resident companies at the K-Startup Center Singapore. Photo by Small and Medium Business Corporation
View original image[Asia Economy Reporter Kim Heeyoon] The Small and Medium Business Corporation announced on the 9th that it has established a partnership with United Overseas Bank (hereinafter UOB), a local bank, to expand local financial services and support partner discovery for resident companies at the K-Startup Center Singapore (hereinafter KSC).
Through this partnership, resident companies at KSC Singapore are expected to receive support for local business activities by utilizing UOB's diverse networks, including government agencies, major corporations, and associations.
UOB has an online application and consultation process, making it more convenient to use financial services locally. In fact, after the partnership was established, resident companies were able to receive consultation services from UOB without face-to-face meetings and access various financial services with just one bank visit after the quarantine period ended.
Going forward, the Small and Medium Business Corporation plans to provide various support services, including investment linkage services, to promising domestic companies aiming to enter the fintech and financial industries in Singapore and East Asia, in collaboration with UOB.
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Lee Seonghee, Head of the Global Growth Division at the Small and Medium Business Corporation, said, “KSC Singapore will fulfill its role as a platform connecting various local stakeholders with domestic small and medium ventures and startups seeking to enter overseas markets. We will create overseas expansion support programs to achieve results through partnerships with various local partners.”
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