Read latest news and press releases.


25 Oct 2021

Hold on to your dreams and don’t give up

Source:  NTU.EDU.SG



11 Aug 2021

Affinity Equity Partners makes $200 million investment into M‐DAQ – PDF



07 Feb 2021

Richard Koh profiled by Lianhe Zaobao 联合早报

Source:  Lianhe Zaobao 联合早报M-DAQ

7 Dec 2020

Singapore Fintech Festival 2020 | FinTech Nation: Building Founder Resilience  (edited version featuring M-DAQ’s Richard Koh)

• Abhishek Chatterjee, Founder and Chief Executive Officer, Tookitaki
• Feng-Yuan Liu, Chief Executive Officer and Co-Founder, BasisAI
• Nicki Ramsay, Founder and Chief Executive Officer, CardUp
• Richard Koh, Founder and Chief Executive Officer, M-DAQ Group
• Moderator: Varun Mittal, Global Emerging Markets FinTech Leader, Ernst & Young

SFF youtube channel :

SFF website :

18 Nov 2020

EY Entrepreneur Of The Year 2020. 

Source: TheEdge Singapore

03 Nov 2020

Where are the profitable tech firms in Southeast Asia?

Source: TechInAsia

28 Oct 2020

M-DAQ’s CEO Richard Koh Seoh Leng was named EY Entrepreneur Of The Year. 

Source: TheEdge Singapore

08 Oct 2020

JCB and NTT Com to Demonstrate Multifunctional Mobile Wallet App.
M-DAQ Pte. LTD been nominated as NTT Com’s foreign currency exchange partner company. 

View the press release from NTT

View the press release from JCB

Source: NTT & JCB

01 Oct 2020

EY Singapore Entrepreneur of the Year 2020








Source: EY

13 Jul 2020

M-DAQ Press Release – SET joins forces with M-DAQ for real-time SET50 stock prices in 10 currencies

View Press Release

Source:  M-DAQ

4 Jun 2020

Mentioned of Richard Koh (ISCA Journal) 

Source: ISCA

21 Feb 2020

KPMG Singapore Budget 2020 Business Leaders Forum – Live Webinar 21 Feb 2020

Source: KPMG Singapore

3 Dec 2019 

FM89.3 Radio Interview with Richard Koh, CEO & Founder 

Source: Money FM89.3 

27 Nov 2019 

DPM presented prizes at E50 Silver Jubilee 













27 Nov 2019 

E50 Awards to showcase high potential companies 











27 Nov 2019 

Mention of M-DAQ in The Business Times for Relentless Innovation 


























26 Nov 2019 

Enterprise 50 Awards Honours Top Local Companies
The 25th anniversary of the awards was marked by a special Digital Economy honour, which was given for the first time to a business identified as “a future billion-dollar company”. 

M-DAQ, a decade-old local fintech start-up, received the accolade for its “highly scalable and profitable business”.
















The Straits Times



26 Nov 2019 

M-DAQ: Sole Winner in Special 25th Year Inaugural Digital Economy Award to identify future billion-dollar company presented by Deputy Prime Minister Heng.








Source: Enterprise 50


14 Nov 2019

Singapore-based Fintech Firm M- DAQ Wins Backing of Samsung Group’s VC Fund to Expand Operations in South Korea
















14 Nov 2019

Alibaba-Backed M-DAQ Promotes FX Veteran Marco Baggioli to COO

View Article




12 Nov 2019

Singapore’s M-DAQ plans Korean expansion after its valuation skyrockets to $368 million






















Source:  Business Insider



12 Nov 2019

M-DAQ Press Release – NTT Com to Invest in Fintech Startup M-DAQ

View Press Release

Source:  M-DAQ



12 Nov 2019

NTT Press Release – NTT Com to Launch Japan’s first rate-guaranteed FX information and transaction data service

View Press Release

Source:  NTT Communications Corporation



11 Nov 2019 

Singapore FinTech Startup M-DAQ Wins Samsung’s Backing
















Source:  Bloomberg



11 Nov 2019

M-DAQ Press Release – Samsung led M-DAQ Pre-Series D strategic round 

View Press Release

Source:  M-DAQ 



9 Oct 2019 

M-DAQ – Winner of FinTech Shark Tank Competition 


Source:  Income & FX Leaders Summit APAC 2019



23 Sep 2019  

M-DAQ Group – The inaugural Gold winner in the Most Impactful category for SG:D Techblazer Awards  

Source: The Straits Times



2 Sep 2019 

The profitable fintech startup that took off after pitching to Jack Ma on a cruise ship  

Source: TechInAsia



20 Jul 2019  

Other finalists include HP, Microsoft, Singtel & ShopBack  

Employees at home-grown fintech firm M-DAQ, which develops cross-border payment solutions, are treated as family, to the point that those who leave for other jobs are considered to be taking “sabbaticals”. The firm employs 55 people.
“We keep their employee numbers when they quit, telling them they’re welcome back at any time. And if they return, we give them our Boomerang Award,” said chief executive Richard Koh.  

“When we reach out to those who have left, they’re often very happy to help us because there’s this strong loyalty that lasted beyond the term of employment.” 


Source: The Straits Times



19 Jul 2019  

M-DAQ – Winner of Best Tech Company to Work For 2019  


Today, M-DAQ was awarded Best Tech Company to Work For (Mid-sized Organisations) by the Singapore Computer Society. This award is for all M-DAQers: past, present and future. It is a humbling affirmation of each and everyone’s contributions toward our culture today.  

M-DAQ is honored to be among fellow winners ViSenze (Mid-sized Organisations), Thoughtworks (Large-sized Organisations) and Web Imp (Start Ups). We would also like to congratulate the remaining 6 finalists HP, Microsoft, Singtel, Rewardz, Shopback and Unity Technologies for making the Top 10. It is indeed a great privilege to have shared this experience with all these remarkable organisations! 

Source: Singapore Computer Society 



6 Jun 2019  

Powered by M-DAQ’s proprietary technologies, Marine Online’s platform guarantees foreign exchange rates and provides an escrow service that operates as a standalone payment portal. 


Source: Hellenic Shipping News 



29 May 2019  

Fintechs rethink IPO rush amid weak debuts, healthy funding options  


Source: The Business Times



30 Apr 2019

Conversations with 2018 SG:D Techblazer Awards Winners: Richard Koh, CEO, M-DAQ Pte Ltd 

Source: SGTECH



26 Jan 2019

Singapore Exchange Dives Deeper into Digital to Stay Competitive –
A Multicurrency Automated Quotation Solution with M-DAQ

Source: Nikkei Asia Review




14 Nov 2018

Mention of M-DAQ by Ong Ye Kung, Minister for Education Singapore

Source: Singapore Fintech Festival 

12 Nov 2018

SG Fintech Festival 2018 – In conversation with Richard Koh, CEO & Founder of M-DAQ

Source: Singapore Fintech Festival

7 Nov 2018

M-DAQ won the “Top Gold Prize Winner – Most Impactful Award” out of 331 companies at SG:D Techblazer Awards 2018

Source: SG:D Techblazer Awards

20 Sep 2018

Tech In Asia Japan 2018 – How M DAQ Uses Fintech and Forex to Solve the Riddle of Global Expansion

Source: Tech In Asia Japan 

21 August 2018

M-DAQ partners SGX to launch the world’s first multi-denomination automated quotation prototype.

Source: The Business Times

View PDF: Press Release

20 August 2018

In partnership with M-DAQ, SGX has developed a prototype for investors to view real-time prices of the component stocks of the Straits Times Index in multiple currencies.

See how it works: MCL Site

5 July 2018

M-DAQ stays as top funded player in the financial exchanges space.

Source: TechInAsia

18 Apr 2018

Passion Made Possible featuring M-DAQ

Source: Bloomberg

9 Mar 2018

Entrepreneur of the Year 2018 – Richard SL Koh | Founder & CEO, M-DAQ

Source: Singapore Computer Society

1 Mar 2018

Singapore Budget Speech 2018 mention of M-DAQ

Source: Ministry of Finance 

2 January 2018

10 hot start-ups that are reshaping Asia

Source: Finance Asia

7 December 2017

Why M-DAQ is one of Singapore’s big fintech hopes

Source: Finance Asia
Download PDF here

30 November 2017

Executive Meeting of East Asian Pacific Central Banks (EMEAP) – Jakarta

Source: Reserve Bank of Australia
Download PDF here

13 November 2017

2015 numbers were skewed by large mega deals such as that of forex fintech M-Daq, which raised US$83.45 million in Series C financing.

Source: The Business Times

18 October 2017

Refining the new oil and setting the standard
Source: SIBOS 2017

Sibos 2017: How to profit from the data goldrush
Source: Finextra

What does it take to build a successful mobile wallet – more than cool technology
Source: Asset Servicing Times

Data vs money: no clear winner…yet
Source: Banking Tech

29 August 2017

Chat with Fintechs: Thomas Kang @ M-DAQ – A World without Currency Borders

Source: TFA Geeks

28 June 2017

What does it take to build a successful mobile wallet – more than cool technology

Source: The Asian Banker

22 May 2017

“I wore my school uniform to my first bank interview. Now I’m a CTO in Singapore”

Source: eFinancial Careers News

23 April 2017

Figuring Fintech out fast

Source: GovTech Singapore


25 July 2016

瞄准金融 阿里或已秘密投资新加坡企业M-DAQ

Source: 亿邦动力

22 July 2016

Alibaba spin-off Alipay made a big investment in a Singapore startup, and no one noticed

Source: Tech in Asia

29 Oct 2016

Singapore, the fintech prodigy

Source: Business Times

7 Jun 2016

MAS firming up regulatory ‘sandbox’ for fintech ideas

Source: Straits Times

1 Dec 2015

5 interesting fintech startups from Singapore

Source: Tech in Asia

15 Oct 2015

How Banks Are Joining Hands With FinTech Firms to Serve Customers?

Source: Medici


18 Sep 2014 

FIX Conference Singapore 2014


12 December 2013 

Start-up reduces forex risk in trading foreign shares

Source: The Straits Times

9 November 2013

Financial start-up raises $7.25m more in funding

Source: The Business Times

19 October 2013

M-DAQ raises $14.5m via Series B financing

Source: The Business Times

2 Jan 2012

Trading the Right Curve® for cross-border securities…

Source: e-FOREX Magazine


1 Dec 2011 

The Pain of Cross-Border Securities Trading

Source: Tabb Forum

1 Nov 2011

Electronic trading forces competition onto exchanges…

Source: The
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