Private Markets Research and Data, Reimagined, pvtIQ

Ben Lim

Research analyst with a fair dose of startup and entrepreneurial experience, now writing about private companies based in Singapore and the region.

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

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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>
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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)