Founder of Asia’s largest massage chair maker, Ron Sim, is in talks with partners to bid for one of Singapore’s new virtual banking licenses.
Sim’s V3 Group, which owns massage chair maker Osim, is potentially building a consortium that includes Temasek’s Heliconia Capital Management, stored value card provider EZ-Link and property firm Far East Organization, according to a «Bloomberg» report, citing anonymous sources.
A spokesperson for V3 said the firm was committed to developing digital financial offerings for underserved client markets in Singapore and the broader region but did not comment on specific plans.
V3 Group recently created a fintech unit and hired Gan Chee Yen, former chief executive of Fullerton Financial Holdings, also part of Temasek, as its senior advisor.
