
Aspire
2018-11-14 12:22:52
Accrelist Doubles Its Revenue In 1H19
Spearheaded by the Monetary Authority of Singapore and in collaboration with SingEx and partnership with The Association of Banks in Singapore, Singapore FinTech Festival 2018 held this week between 12 till 16 November 2018 attracted more than 400 exhibitors from over 35 countries worldwide.
Meanwhile, local Fintech company Accrelist, known for its crowdfunding financial services and electronic wallet services, concluded 1H19 with the release of its 2Q19 report yesterday on 13 November 2018. The group registered a 121 percent increment in revenue to $88.4 million driven by an increase in shareholdings in Jubilee Industries Holdings which was accounted for as a subsidiary of the company with effect from 29 June 2017. Operating expenses climbed to $7.8 million during the period largely due t