SC VENTURES
SC
Ventures aims to rewire the DNA in banking
leveraging the Bank ’ s capabilities , with a total portfolio of over 30 ventures at different stages working to fill the monetisable gaps in the market .
Beyond its activities in internal intrapreneurship and the US $ 100mn growth-stage fund , SC Ventures focuses on six key high-conviction themes , including : Digital Banking & Lifestyle ; Online Economy & Payments ; SMEs & world trade ; Digital Assets ; Capability-as-a-Service ; and Sustainability & inclusion .
“ We are thinking about novel value propositions . For example , by playing to our strengths , we could brainstorm on the agricultural sector by addressing the needs of farmers in terms of seed financing , supply chain , product take-off and logistics solutions to extend the ecosystem in the thematic area of sustainability , and then build out a robust and scalable cloud-native platform for stakeholders ,” Neumann explains .
“ We believe we can have a lot more impact in delivering disruptive business models in emerging markets because of the in-house domain expertise , the Bank ’ s large footprint and deep local market knowledge through our linkage with the Bank .”
Neumann joined SC Ventures a few months before the start of the pandemic to lead in the role of its CTO and has witnessed one of the toughest periods for businesses . Based in Singapore , he previously co-founded start-ups in the finance and payments sectors , and worked many years in Africa and SE Asia ' s emerging markets . He has a passion for technology and his mission is to enhance the competitive advantage of SC Ventures by accelerating innovation .
32 August 2022