Singapore FinTech Association Raises $120,000 to Help Lower-Income Union Members

Lower-income union members and their families have been given a significant leg up by the Singapore FinTech Association (SFA).

The SFA announced on 23 March 2022 that it has helped raise $120,000 for the NTUC-U Care Fund under this year’s FinTech for Good initiative - $20,000 more than its original target.

The NTUC-U Care Fund focuses on four areas of support, namely, caring for the elderly, assisting members, supporting the community as well as empowering children and youth.

The event is the SFA’s and NTUC’s second collaboration, after their inaugural run of the Fintech for Good initiative in 2020, where a total of $100,000 was raised.

Minister of State for Trade and Industry Alvin Tan, who was the Guest-of-Honour at the event, presented plaques to grand donor Crypto.com, as well as other notable donors such as Advance Intelligence, Aspire, M-Daq, NETS, NIUM, PPRO and Volopay.

SFA President Shadab Taiyabi said that while Singapore is on the road to recovery, we must not forget the individuals and families who may need an extra help to better their livelihoods.

“We are deeply humbled that donors from the FinTech community have banded together and come forward to support those in need. Their support demonstrates the impact FinTech has on different facets of society and we look forward to our continued partnership with NTUC-U Care Fund,” he said.

NTUC Assistant Director-General Zainal Sapari added that NTUC is pleased to collaborate once more with the SFA to help NTUC’s lower-income members.

“I hope that more corporates and individuals will come on board through similar means for us to make it a sustainable fundraising effort for a worthy cause,” said Mr Zainal, who is also the Director of NTUC’s Care and Share Department.