Search company, investor...
Search

Predict your next investment

Corporate Venture
scventures.io

See what CB Insights has to offer

Investments

16

Portfolio Exits

2

Partners & Customers

7

About SC Ventures

SC Ventures is a business unit in Standard Chartered to enable innovation, invest in disruptive financial technology and explore alternative business models.

SC Ventures Headquarters Location

8 Marina Boulevard Marina Bay Financial Centre Tower 1 Level 17

018981,

Singapore

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing SC Ventures

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned SC Ventures in 1 CB Insights research brief, most recently on Oct 23, 2019.

Latest SC Ventures News

ICYMI fintech funding round-up: Chekk, Hello Clever & Zywa

Aug 26, 2022

26th August 2022 At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced industry. That’s why we put together our weekly In Case You Missed It (ICYMI) funding round-up for you to get the latest fintech funding news. Chekk , a know your customer (KYC), know your business (KYB) and data management platform, has raised money from SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, as part of its latest financing round. The “multi-million dollar” round was led by HSBC, with participation from venture capital firm SOSV. “Chekk is already an established partner for SC Ventures, as our go-to KYC/KYB provider for a number of ventures we have incubated,” says Alex Manson, head of SC Ventures. “While several companies claim to optimise customer onboarding in banking, none comes close to Chekk, with real-time data collection delivering a digital advantage across multiple stakeholders.” Founded in 2013, Chekk has offices in Hong Kong, Singapore and Paris, and clients across Europe, the Middle East and Asia. Australia-based paytech Hello Clever has bagged $4.5 million in funding, consisting of a $1.7 million pre-seed and a $2.8 million seed round. Hello Clever co-founders Caroline Tan & Gavin Nguyen. Image source: Hello Clever The seed round was led by Vectr Fintech Partners with participation from CrossFund, Yolo Investments, Magnivia Ventures, Son Tech Ventures, Boson Ventures and notable angels such as Anthony Warren and Olivia Warren of Peter Warren Automotive, Ken Cheung (former founding head of Asia Pacific – Facebook and Instagram and co-founder of OurSong with John Legend), Daniel Johnson of Mercurien Insurance and Bosco Tan. “We want to introduce a new ecosystem that allows consumers to be financially healthier and our merchant partners to increase sales/reduce operating costs,” the start-up says. “That’s why we are not a single product, it’s a ‘clever way’ of executing payment strategies to achieve better business outcomes. From Hello Clever as a consumer facing app, we have now evolved into building Hello Clever Business, Hello Clever Business API and Hello Clever Yield – which is our path into financial investing for Gen Zs.” Hello Clever claims to be “the first Australian buy-to-earn platform designed with the customer in mind”. It provides real-time cashback for customers through its payment API – an instant payment solution powered by the New Payments Platform (NPP), PayTo and PayID. Lead investor Mark Munoz says he “hadn’t seen a fintech app for young audiences in the market with the same kind of traction and positive customer review”. He forecasts Hello Clever being able to grow into Southeast Asia through the Philippines, Indonesia and Vietnam – markets with “big, young and tech-savvy populations”. Zywa, a UAE-based fintech for teens and young people in the Middle East and North Africa (MENA), has announced a seed funding round of $3 million. Investors who participated in the round include Goodwater Capital (the largest consumer tech VC globally), Dubai Future District Fund (the venture capital fund of funds of Dubai, anchored by Dubai International Financial Centre and Dubai Future Foundation), Rebel Fund, Trampoline Venture Partners, Zemu VC and some of the most prominent European family offices, as well as strategic angel investors. At the start of this year, Zywa raised $1 million in pre-seed funding. Founded in 2021 and backed by Y Combinator, the fintech offers a gamified community-based banking app and payment card to 11–25-year-olds. It claims to have received 100,000+ sign-ups. It is currently present in the UAE and Egypt and plans to launch in Saudi Arabia in early 2023.

SC Ventures Investments

16 Investments

SC Ventures has made 16 investments. Their latest investment was in Owny as part of their Seed VC on September 9, 2022.

CBI Logo

SC Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/2/2022

Seed VC

Owny

$1M

Yes

1

6/27/2022

Series A

SOLV

$40M

No

10

5/25/2022

Unattributed VC

Chekk

Yes

3

3/10/2022

Series B

Subscribe to see more

$99M

Subscribe to see more

10

3/4/2022

Pre-Seed

Subscribe to see more

Subscribe to see more

10

Date

9/2/2022

6/27/2022

5/25/2022

3/10/2022

3/4/2022

Round

Seed VC

Series A

Unattributed VC

Series B

Pre-Seed

Company

Owny

SOLV

Chekk

Subscribe to see more

Subscribe to see more

Amount

$1M

$40M

$99M

New?

Yes

No

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

10

3

10

10

SC Ventures Portfolio Exits

2 Portfolio Exits

SC Ventures has 2 portfolio exits. Their latest portfolio exit was Bukalapak on August 06, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/6/2021

IPO

$99M

Public

45

11/10/2020

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

Date

8/6/2021

11/10/2020

Exit

IPO

Acquired

Companies

Subscribe to see more

Valuation

$99M

$99M

Acquirer

Public

Subscribe to see more

Sources

45

10

SC Ventures Partners & Customers

7 Partners and customers

SC Ventures has 7 strategic partners and customers. SC Ventures recently partnered with SBI Group on May 5, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

5/9/2022

Partner

Japan

SC Ventures partners Japanese financial conglomerate SBI

SC Ventures , Standard Chartered ' s innovation , fintech investment and ventures arm , announced that it had entered into a memorandum of understanding with SBI Holdings , Inc to expand their portfolio , both at a business and geographic level , and to explore new ecosystems through this partnership .

1

11/9/2021

Partner

United States

Subscribe to see more

Subscribe to see more

10

8/30/2021

Partner

China

Subscribe to see more

Subscribe to see more

10

6/2/2021

Partner

United Kingdom

Subscribe to see more

Subscribe to see more

10

5/27/2021

Partner

Italy

Subscribe to see more

Subscribe to see more

10

Date

5/9/2022

11/9/2021

8/30/2021

6/2/2021

5/27/2021

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

Japan

United States

China

United Kingdom

Italy

News Snippet

SC Ventures partners Japanese financial conglomerate SBI

SC Ventures , Standard Chartered ' s innovation , fintech investment and ventures arm , announced that it had entered into a memorandum of understanding with SBI Holdings , Inc to expand their portfolio , both at a business and geographic level , and to explore new ecosystems through this partnership .

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

10

10

10

10

SC Ventures Team

4 Team Members

SC Ventures has 4 team members, including current Chief Operating Officer, Lily Low.

Name

Work History

Title

Status

Lily Low

Chief Operating Officer

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Lily Low

Subscribe to see more

Subscribe to see more

Subscribe to see more

Work History

Title

Chief Operating Officer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.