MC Fee Ltd turns into First Digital Funds Firm to be Listed on Singapore Change’s (SGX) Catalist

MC Fee Restricted has revealed that it’s now listed on the Singapore Change’s (SGX) Catalist. The corporate claims that it’s the primary digital funds platform to be listed on Catalist.

With a market cap of round S$139 million (appr. $105.four million), the itemizing of MC Fee Restricted brings the whole variety of companies listed on Catalist to 218, with a complete market cap of about S$11 billion ($8.34 billion).

Primarily based in Singapore, MC Fee Ltd is a Fintech agency that provides service provider fee providers and e-commerce enabling options, with a particular deal with servicing purchasers who’re retailers within the retail, transportation and meals and beverage sectors.

MC Fee Ltd maintains a enterprise presence in a number of completely different Southeast Asian nations together with Malaysia, Indonesia and Thailand.

Anthony Koh, CEO at MC Fee Restricted, acknowledged:

“As the primary digital funds firm to be listed on SGX, as we speak marks an thrilling begin to MC Fee’s new progress chapter. Our itemizing comes at an opportune time, with digital funds within the area surging amidst the rise in on-line transactions, following safe-distancing measures imposed by the Covid-19 outbreak.”

Mohamed Nasser Ismail, International Head of Fairness Capital Markets, SGX, famous that they’re happy to welcome the itemizing of MC Fee Restricted on SGX Catalist and might be supporting the “progress ambitions” of Singapore’s homegrown tech agency.

Ismail added that as a fee processing platform with correctly developed infrastructure and the suitable licenses throughout Southeast Asia, MC Fee is “well-positioned to faucet on SGX’s fundraising platforms and Singapore’s expertise hub standing as a launchpad into the area.”

Based in 2005, MC Fee Pte Ltd is an e-payment answer supplier with headquarters in Singapore.

The corporate primarily works with buying banks and answer suppliers to supply retailers a “safe” and “compliant” processing platform.

MC Fee says it goals to unravel all our fee issues. The corporate processes funds regionally and globally with its big selection of fee strategies, cross-border processing providers and worldwide fee community.