@inbook{a20744667abf452fb65fd78c978c8bba,
title = "Ayondo Ltd. Corporate Governance Issues of First FinTech Company Listed on the Catalist Board of Singapore Exchange",
abstract = "Ayondo Ltd. (Ayondo) (now known as RSQ Technology Ventures GmbH) was the first financial technology (fintech) company to be listed on the Catalist Board of the Singapore Exchange (SGX) on 23 March, 2018. However, the company was suspended from trading on 1 February, 2019, less than a year after listing. This case highlights corporate governance issues related to Ayondo, and also, fintech companies in general, in the context of Singapore. Examples of issues discussed are the roles of (a) board of directors; (b) sponsor in listing; (c) auditors; (d) regulatory bodies; (e) investors. These issues have ramifications for stakeholders. This case also includes lessons gleaned from the corporate governance issues and some actionable recommendations. This case study covers only the corporate governance issues of Ayondo in the period leading up to its listing and shortly thereafter. It does not include other ongoing issues subsequent to the listing.",
author = "Tiong, \{Paul N. C.\}",
year = "2023",
month = dec,
day = "7",
doi = "10.4018/978-1-6684-9867-5.ch005",
language = "English",
isbn = "9781668498675",
series = "Cases on Uncovering Corporate Governance Challenges in Asian Markets",
publisher = "IGI Global",
pages = "94--111",
editor = "R. Hasan",
booktitle = "Cases on Uncovering Corporate Governance Challenges in Asian Markets",
address = "United States",
}