Singapore Exchange backs investment research startup Smartkarma

Singapore Exchange (SGX) has made an undisclosed amount of investment in local fintech company Smartkarma to tap into the startup’s investment research network.

Photo credit: Jonathan Choe

Existing Smartkarma backers Sequoia Capital India and Wavemaker Partners also participated in the investment, according to a statement.

The development comes as the startup nears the global launch of its corporate solutions, a range of services for C-suite and investor relations personnel of listed companies.

SGX, which was a pilot partner during the development of the service, will be the first exchange to bring the global platform to all its listed and upcoming companies as well as global bond issuers. Companies listed on the exchange will be able to leverage Smartkarma’s network of independent analysts and investors.

“As SGX continues to uphold the standard and availability of research coverage through initiatives such as partnering with the Monetary Authority of Singapore on Grant for Equity Markets, we are also investing in new models to serve investors and companies now and in the future,” said Chan Kum Kong, head of research and retail for SGX.