This is the third Singapore fintech acquisition this year by AMTD Group’s digital solutions arm.
The funding will go to support Singapore fintech businesses, and ensure innovation continues.
And the deal embeds the local insurtech into AMTD's expanding nebula of partnerships and channels.
Funding aims to inject Greater China tech expertise into AFIN, a platform connecting banks and fintechs.
The deal gives Hong Kong investment bank AMTD a technology platform to enter the retail market.
The firm sees growing interest among institutional investors in Asian fintech.
AMTD and its affiliated $1 billion China Fintech Fund back Fox Fintech, the finance arm of internet portal Sohu.