Singapore’s FOMO acquires CapBridge and 1exchange

Singapore-based financial holding group FOMO Group announced the completion of its acquisition of capital markets firm, CapBridge, and private securities exchange, 1exchange. With the Monetary Authority of Singapore’s approval, the acquisition provides FOMO Group with capital markets services and recognised market operator licences in Singapore. This move fortifies FOMO’s position as a leading regulated digital payment and asset solution provider in Asia. Founded in 2015, FOMO Group specialises in digital payment and banking solutions. This recent acquisition supports its strategic intent of expanding its offerings in the capital markets domain, thus accelerating its business growth. Louis Liu, chairman of FOMO Group, remarked on the significance of this acquisition in building a fully integrated financial service ecosystem.