Sing Investments & Finance Limited

What Sing Investments & Finance Limited does

Sing Investments & Finance Limited (SingFinance) is a Singapore-incorporated, SGX Mainboard-listed (ticker: S35) licensed finance company, regulated by the Monetary Authority of Singapore under the Finance Companies Act since its incorporation on 13 November 1964 and listed on 7 July 1983. The company operates a 60-year-old, mid-sized retail and SME banking franchise, distributing a full suite of deposit products (Fixed Deposits, GoSavers, GoVault anti-scam account, GIRO Saver, Savings, Current, and Conveyancing accounts) and lending products (housing/HDB, car, share, commercial property loans for individuals; SME working capital, machinery, land & construction, shipping, invoice factoring, block discounting, floor stock financing, unsecured business loans, and Enterprise Financing Scheme-backed loans).

SingFinance generates revenue primarily through interest income (net interest spread between deposit-taking and lending) and fee-based services (transaction fees, loan processing fees, service charges, and government guarantee issuance fees under eGuarantee@Gov). The company pursues a hybrid go-to-market combining four physical branches (Robinson Road, Ang Mo Kio, Bedok, Jurong) with digital self-service platforms (SIF Mobile for retail and SIF BIZ for business), integrated with Singapore's national payment infrastructure including FAST, PayNow Corporate, AXS, and Interbank GIRO. Deposits are SDIC-insured up to S$100,000 per depositor.

The company is led by Managing Director Lee Sze Leong (since 1997) and Deputy Managing Director Lee Sze Siong (since 2010), with significant family ownership; the board includes independent directors with MAS, UOB, PSA International, and Big Four audit backgrounds. The company employs a wholly-owned subsidiary, Sing Investments & Finance Nominees (Pte.) Ltd., for nominee services, and operates exclusively within Singapore.

Name

Sing Investments & Finance Limited

Legal name

Sing Investments & Finance Limited

Website

https://www.singfinance.com.sg

Company type

Public

Operating status

Operating

Short description

Sing Investments & Finance Limited is a Singapore-based, SGX-listed licensed finance company (founded 1964) offering deposit accounts, personal financing, and SME/corporate lending to retail and small business customers across four branches and digital platforms.

Ownership category

akta.pro rank

Product category

Consumer and SME Finance

NAICS

Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Retail deposit accounts
• Personal financing loans
• SME business financing
• Digital banking services
• Fixed deposit products

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Interest Income from Lending: Core revenue from interest earned on loans and credit facilities extended to retail and corporate customers, including housing loans, HDB loans, car loans, commercial property loans, SME financing, and other credit products. Interest rates are determined based on credit assessment and market conditions.
2. Deposit-Taking: Acceptance of fixed deposits, savings deposits, and current account balances from individuals and businesses. Interest is paid to depositors while funds are deployed for lending activities. Revenue generated through interest rate spread between lending and deposit rates.
3. Fee-Based Services: Transaction fees and service charges from business accounts, loan processing, conveyancing accounts, guarantee issuance under eGuarantee@Gov, and other banking services. Includes overdraft facility access fees, early withdrawal penalties, and account maintenance charges.
4. Enterprise Financing Scheme (EFS) Loans: Government-backed SME working capital and fixed assets loans under Enterprise Financing Scheme. Government support reduces risk exposure while enabling volume lending to qualifying SMEs.

Pricing tiers

Go-to-market motion4 records

Distribution channels8 records

Marketing channels5 records

Core offering

SingFinance is a licensed finance company that accepts retail and corporate deposits and extends personal and SME loans including housing, HDB, car, commercial property, machinery, working capital, and government-backed Enterprise Financing Scheme loans. It operates digital banking platforms (SIF Mobile for retail and SIF BIZ for businesses) and four physical branches in Singapore, supplemented by access to government services such as eGuarantee@Gov.

Product overview

Sing Investments & Finance Limited (SingFinance) operates as a licensed finance company in Singapore offering a comprehensive suite of financial products and services organized into three main categories: Deposits (including Fixed Deposits, GoSavers Account, GoVault Account, GIRO Saver Account, Savings Account, Current Account, and Conveyancing Account), Personal Financing (Housing Loans, HDB Loans, Car Loans, Share Loans, and Commercial Property Loans), and SME/Corporate Financing (including Commercial Property Loans, Machinery Loans, Land & Construction Loans, Shipping Loans, Unsecured Business Loans, Invoice Factoring, Block Discounting Financing, Floor Stock Financing, and Enterprise Financing Scheme). The company also provides digital banking platforms (SIF Mobile for retail and SIF BIZ for business) along with payment integration services including FAST, PayNow Corporate, AXS, and Interbank GIRO. The portfolio is complemented by eGuarantee@Gov for government guarantees. Established in 1964 and listed on SGX since 1983, SingFinance serves both individuals and SMEs with MAS-regulated products under the Finance Companies Act, with deposits insured by SDIC up to S$100,000.

Differentiator

Problem solved

Functional benefit

Products and services

• Fixed Deposits Singapore Dollar Fixed Deposit account with placements starting from S$500, flexible tenors from 1 month to 60 months, competitive board rates, senior citizen bonus rates, and automatic renewal options at maturity.
• Fixed Deposit Online (FD Online) Digital-only fixed deposit product placed entirely through the SIF Mobile app, requiring funds transfer from GoSavers Account and offering 24/7 biometric secure access.
• GoSavers Account High-interest savings account with no salary crediting, credit card spending, or lock-in requirements. Interest calculated daily on end-of-day balance and credited monthly, with online account opening via Singpass and MyInfo.
• GoVault Account Anti-scam savings account with over-the-counter-only withdrawals to prevent unauthorized transfers, earning up to 1.30% p.a. on the first $100k with tiered interest rates.
• GIRO Saver Account Savings account for regular monthly saving via automated GIRO transfers with minimum initial deposit of S$1,000 to S$5,000 and monthly transfers from S$200 to S$10,000. No lock-in period or withdrawal penalties.
• Savings Account Traditional passbook savings account with low initial deposit of S$200 and interest rate of 0.05% p.a., suitable for everyday cash management and emergency funds.
• Current Account (Business Account) Corporate current account for Singapore SMEs and companies with overdraft facility access, interest on balances, and free Internet Banking via SIF BIZ. Initial deposit of S$5,000 required, with SDIC insurance up to S$100,000.
• Conveyancing Account Specialized account for Singapore law firms to hold client conveyancing money safely in compliance with regulatory measures for property-related transactions. No account opening fee, initial deposit, or minimum balance required.
• Housing Loan Financing for property purchase or refinancing with up to 75% financing, loan tenure up to 30 years, CPF utilization allowed, and bridging loan options.
• HDB Loan Home financing solution for HDB flat purchases, upgrades, or refinancing with floating rate packages, attractive rates, no processing fee, and relationship manager guidance.
• Commercial Property Loan (Personal) Financing for commercial property purchase or refinancing for personal use, with up to 80% financing, loan tenure up to 25 years, and term loan, revolving or non-revolving features.
• Car Loan Vehicle financing with up to 70% financing and loan tenure up to 7 years with fixed monthly repayment structure, available through dedicated car loan portal.
• Share Loan Financing against listed shares on SGX Mainboard and Catalist, providing up to 60% financing on share value with yearly review requirements. Interest charged only on loan amount utilized.
• SME Commercial Property Loan Commercial property financing for SME businesses including shophouses, office units, and industrial spaces, part of the SME/Corporate Financing suite.
• Land & Construction Loan Financing for land and construction projects with loan tenure up to 36 months, featuring interest servicing until TOP (Temporary Occupation Permit) and simplified drawdown process.
• Machinery Loan Commercial loan for new or used machine purchases and working capital, with financing up to 90% and loan tenure up to 5 years at competitive rates with fixed repayment terms.
• Block Discounting Financing Working capital financing for auto dealers offering hire purchase or customer financing, with fast turnaround, auto transfer of funds, and consolidated repayment schedule.
• Floor Stock Financing Short-term revolving financing for automotive dealers, motorcycle and equipment traders, with repayment up to 90 days and interest charged on daily basis.
• Unsecured Business Loan Business loan without collateral requirements, available as term loan, revolving or non-revolving facility, providing flexibility for business expansion or working capital.
• Accounts Receivables / Invoice Factoring Invoice factoring converting outstanding trade invoices into immediate cash, with interest incurred only on utilized loan amount and fast drawdown.
• Shipping Loan Financing for vessels including tug boats, barges, and leisure yachts, with loan tenure up to 4 years at competitive rates.
• Enterprise Financing Scheme (EFS) Government-backed SME loans including SME Working Capital Loan (up to S$5 million per borrower group) and SME Fixed Assets Loan (up to S$30 million per borrower group), supported by Enterprise Singapore.
• SIF BIZ Business digital banking platform available on mobile and desktop, enabling account viewing, transaction history, funds transfer via FAST, fixed deposit placements, loan payments, and transaction authorization with digital token security.
• SIF Mobile Mobile banking app with 24/7 biometric secure access for retail customers, supporting savings and fixed deposit account opening via MyInfo, account summary viewing, e-statements, and funds transfer via FAST.
• eGuarantee@Gov Digital guarantee issuance service for government agencies and statutory boards, processed as a participating financial institution in the government-led eGuarantee@Gov initiative administered by Singapore Customs via the Networked Trade Platform.

Quantifiable outcome

• 60 years of continuous operation and lending experience in Singapore
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core.

• Singapore Government (eGuarantee@Gov)coreStrategic or Co-development PartnerSingFinance is a participating financial institution in the government-led eGuarantee@Gov initiative administered by Singapore Customs. This electronic guarantee platform digitalizes the issuance and discharge of guarantees and insurance bonds for government agencies and statutory boards through the Networked Trade Platform (NTP). Businesses can apply for finance company guarantees via www.eguarantee.gov.sg and SingFinance processes applications and issues guarantees electronically.
• Enterprise Singapore (Enterprise Financing Scheme)coreStrategic or Co-development PartnerSingFinance is a participating financial institution for government-backed SME loans under the Enterprise Financing Scheme (EFS). The scheme provides supported financing for SME working capital and fixed assets, with government participation helping to reduce risk exposure and enable volume lending to qualifying SMEs with at least 30% local equity.
• Singapore Deposit Insurance Corporation (SDIC)coreOthersSingFinance is a member of the Singapore Deposit Insurance Corporation scheme. Eligible Singapore dollar deposits are insured by SDIC for up to S$100,000 in aggregate per depositor per Scheme member, providing statutory deposit protection under the Deposit Insurance and Policy Owners' Protection Schemes Act 2011.
• Monetary Authority of Singapore (MAS)coreOthersSingFinance is a licensed finance company regulated by the Monetary Authority of Singapore under the Finance Companies Act. Subject to MAS prudential supervision including capital adequacy, liquidity, and conduct of business requirements.
• FAST Network (Participating Banks)coreTechnology or IntegrationSingFinance is a participant of the Fast And Secure Transfers (FAST) payment network, enabling instant interbank SGD fund transfers between SingFinance accounts and accounts at participating banks and non-financial institutions 24/7, 365 days.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Hong Leong Finance Limited: Singapore-listed finance company (SGX: S41) offering deposit products, housing, car and SME loans under the Finance Companies Act with MAS oversight. Most directly comparable to SingFinance by business mix, regulation and Singapore-only footprint.
• IFS Capital Limited: Singapore-listed non-bank financial institution focused on SME lending, factoring, working capital and government-backed schemes (SME Working Capital Loan, EFS). Directly comparable by target SME segment and Singapore focus, though without the deposit franchise.
• AEON Credit Service Asia Pte. Ltd. Singapore-listed consumer and auto finance company offering vehicle, durable goods and personal financing, comparable in retail/SME finance model and regulatory environment under MAS supervision.

Others

• Sing Holdings Limited: Singapore-listed real estate company chaired by SingFinance's Managing Director Lee Sze Leong. Comparable only in ownership linkage and Singapore small-cap listed status, not in operating business.

Peers

• Hong Kong Public Financial Holdings Limited:

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/singinvestmentsandfinance
• Instagraminstagram.com/singinvestmentsandfinance

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sing Investments & Finance Limited