iFAST Corporation
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July 1, 2020
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iFAST Corporation Limited

Revenue:
SGD 125.4 million (2019)
Profit:
SGD 9.3 million (2019)
Employees:
600 (2018)
GICS Industry Group:
Headquarters:
#26-01 Ocean Financial Centre, Singapore
Founded:
January 2000
Current CEO:
Lim Chung Chun (Sep 2000-)
Parent:
This is the ultimate parent

Description

iFAST Corporation Limited (iFAST) is a wealth management fintech platform headquartered in Singapore. iFAST was established in January 2000 in Singapore under the name Fundsupermart.com Pte Ltd and subsequently renamed iFAST Financial Pte Ltd in April 2003. iFAST and its subsidiaries offer access to over 9,100 investment products including unit trusts (funds), bonds and Singapore Government Securities, stocks and exchange traded funds (ETFs), and insurance products. iFAST also provides services such as online discretionary portfolio management services, research and investment seminars, financial technology solutions, and investment administration and transaction services to financial advisory firms, financial institutions, banks, multinational companies, as well as retail and high net worth investors in Asia.

iFAST Corporation Limited has a presence in Singapore, Hong Kong, Malaysia, China and India, with Singapore accounting for 62.68% of total revenue for the year end 31 December 2019. iFAST launched its Hong Kong B2C (Fundsupermart.com) and B2B businesses in July 2007 and July 2008 respectively through iFAST Financial (HK) Limited. iFAST Corp also has a business presence in Malaysia, with the launch of the two platforms in 2008. In July 2014, iFAST China was incorporated.

iFAST Corporation Ltd is incorporated in Singapore and has its registered office at 10 Collyer Quay, #26-01 Ocean Financial Centre, Singapore 049315.

iFAST Corporation Limited is listed on the Singapore Exchange (SGX) under the code AIY.

In Singapore Dollars (SGD)
In Singapore Dollars (SGD)
In Singapore Dollars (SGD)
No items found.

Operating Segments:

Business-to-Business (B2B) - The B2B segment caters to the requirements and business needs of financial advisory companies, financial institutions and banks advising retail and high net worth clients. The B2B segment provides services to the company's B2B partners, including a wide range of investment products, collection of fees, operational support, IT solutions, and the adoption of a wrap account. In the year end 31 December 2019, the B2B segment accounted for 83.34% (SGD 104.5 million) of total revenue.

Business-to-Customer (B2C) - iFAST's B2C segment caters to individual investors who do their own investments online. The B2C segment offers the FSMOne multi-products transactional platform in Singapore, Hong Kong and Malaysia. The B2C segment also encompasses a wide range of investment products, and supported by user-friendly website and mobile application, research content, and customer service support. In the year end 31 December 2019, the B2C segment accounted for 16.66% (SGD 20.9 million) of total revenue.

Mergers and Acquisitions:

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