Private Markets Research and Data, Reimagined, pvtIQ

Ben Lim

Private Markets Research and Data, Reimagined

pvtIQ

pvtIQ leverages Smartkarma’s technology and distribution to deliver high-quality research and data on Asian private markets.

Private Capital Markets

Trust Bank Singapore is a digital-native bank, backed by Standard Chartered & FairPrice Group, offering savings, credit cards, and loans via a mobile app

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Operational Scale &amp; Market Status: Trust Bank has rapidly matured into Singapore’s fourth-largest retail bank, securing over 1 million customers (approx. 20% market penetration) in just over two years.</li>
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Financial Performance Snapshot: The bank has reached a critical financial inflection point in FY2024, reporting a 148% surge in revenue (to S$96.9 million) while keeping operating expenses nearly flat (+3.8%).</li>
<li>
Product &amp; Ecosystem Integration: Currently, the bank drives high engagement through its "phygital" integration with FairPrice, resulting in active users averaging 21 transactions per month.</li>
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Operational Scale &amp; Market Status: Trust Bank has rapidly matured into Singapore’s fourth-largest retail bank, securing over 1 million customers (approx. 20% market penetration) in just over two years.

Financial Performance Snapshot: The bank has reached a critical financial inflection point in FY2024, reporting a 148% surge in revenue (to S$96.9 million) while keeping operating expenses nearly flat (+3.8%).

Product &amp; Ecosystem Integration: Currently, the bank drives high engagement through its "phygital" integration with FairPrice, resulting in active users averaging 21 transactions per month.


Trust Bank Singapore: Banking on Sustainable Growth (Initiation)

pvtIQ
Private Markets Research and Data, Reimagined

Trust Bank Singapore: Banking on Sustainable Growth (Initiation)

Trust Bank has rapidly matured into Singapore’s fourth-largest retail bank, securing over 1 million customers (approx. 20% market penetration) in...

Ben Lim