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Razer Fintech plan to create a next generation digital wealth management platform

Razer Gold Gift Card Razer Fintech the financial technology arm of gaming giant Razer announced that it has signed a memorandum of understanding with global asset manager Franklin Templeton through its Singapore subsidiary Templeton Asset Management to collaborate in digital wealth management innovation.

This platform according to the creators is all set to be unique thanks to its theme-oriented and goal-oriented approach in basic financial tasks like savings and investments. One of the main goals of this service is to increase financial literacy among today’s youth. This could be achieved by providing consumers with numerous investment opportunities that will enable them to maximise returns and reap the benefits of compounding.

The company is considering various opportunities in Southeast Asia and other emerging markets including India and even Latin America as it plans to diversify its business by offering Fintech services according to Razer CEO Lee Li Meng.

Launched in 2018 Razer Fintech provides an offline-to-online digital payment network and claims to have processed over billions of dollars in total payment value. In the first half of 2020 its parent company recorded US$447.5 million in revenues with US$64 million from Razer Gold and Razer Fintech.

Razer Fintech and Franklin Templeton plan to jointly design and create a ″next generation digital wealth management platform” tailored to the needs of Razer Fintech’s youth and millennial customers looking to enter the realm of finance.

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