AMTD ASEAN-Solidarity Fund

investment firm

About

AMTD ASEAN-Solidarity Fund offers finTech solidarity grant and sustainability investment scheme.

Details

Operating Status
Active
Investor Type
Venture Capital,Venture Debt

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. Applly directly through Singapore FinTech Association (SFA). More details can be found under the "FinTech Solidarity Grant" page via the link below.
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

Funds Raised

Announced Date Fund Name Money Raised
Sep 1, 2020 AMTD Fund S$50M

Investments

Number of Investments
Number of Lead Investments
5
5
AMTD ASEAN-Solidarity Fund has made 5 investments. Their most recent investment was on Sep 14, 2020, when Fundingsocieties raised 0.
Date Company Name
Round Money Raised Industry Lead Investor
Sep 14, 2020 Fundingsocieties
Series Unknown Commercial Lending Yes
Sep 14, 2020 CardUp
Series Unknown Coupons Yes
Sep 14, 2020 TranSwap
Funding Round Artificial Intelligence Yes
Sep 14, 2020 Active.ai
Series Unknown Artificial Intelligence Yes
Sep 14, 2020 PolicyPal
Funding Round Finance Yes

Exits

AMTD ASEAN-Solidarity Fund has had 3 exits. AMTD ASEAN-Solidarity Fund most notable exits include CardUp ,   Active.ai

Date Company Name Exit Type Industry
Jun 29, 2022 CardUp M&A Coupons Detail
Apr 5, 2022 Active.ai M&A Artificial Intelligence Detail
Mar 17, 2020 PolicyPal M&A Finance Detail