Singapore fintech hires an alumnus to replace a departing executive for a VC

Often fintechs neglected their financial divisions in the past (when be profitable it didn’t matter), but Frank Stevenaar is proof that it’s possible to leverage a finance job in fintech for something bigger. He has spent the last three and a half years at Fintech Singapore Financing company as CFO. He left last month to join risk capital the Antler company as its CFO.

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Antler is a new breed of VC specializing in early stage investing. It has approximately 2,000 employees and $500 million in assets under management. Bjarne Abrahamsen, Stevenaar’s predecessor as CFO, moved to the role of co-COO alongside the founder Vegard Medbo.

Stevenaar’s replacement at Funding Societies is Junxiong Ho, CFO of Singaporean payments company Brankas. I worked at Brankas remotely for just 15 months, and was previously CFO of a separate Singapore fintech, challenger bank BigPay. He also spent three years at Bandworking in the global finance and strategy team.

Growth for Singapore fintech it can be slow. Financing company CEO Kelvin Teo said this Singapore startups focus on the “long game.” However, it has 80 open roles, including internships and graduate opportunities. It recently hired senior product manager, Yogash Parthasarathy, who joined in March, having previously worked at both Grab and GXS Bank.

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