• In June 2018, Accrelist made its maiden move into Blockchain technology by acquiring a 10% stake in AmazingTech Pte Ltd for $1 million. The move enhances the blockchain capability of our Fintech portfolio. According to a report by Frost & Sullivan, Fintech industry in the Asia-Pacific region is expected to grow at a CAGR of 72.5% from 2015 to 2020, reaching US$72 billion.
  • AmazingTech provides an array of services that help bridge the Blockchain and the consumer, including offering support in the form of hardware, security, sustainability and incentive mechanism to its customers.
  • The positive outlook for Blockchain is fuelled by growth in digital payments such as increasing adoption of cashless payments by small and medium-sized enterprises. There is also more widespread awareness of the viability of using Peer-to-Peer (P2P) financing as well as new methods of crowdfunding using Blockchain, which will lead to growth in the personal and business financing segment.