Singapore fintech funding rebounds in Q2 to US$278m
Reports show that almost two-thirds of 95 completed fintech deals in Asean went to the Republic's firms
Singapore
SINGAPORE'S fintech investments rebounded in the second quarter of 2020 to US$278 million, 4.1 times the US$68 million recorded in the first quarter, the Singapore FinTech Association (SFA) and management consulting firm Oliver Wyman said in a report on Wednesday.
From 2015 to 2019, about 65 per cent of fintech funding in South-east Asia was directed to Singapore businesses, nearly four times that of the funding received by Indonesia, the next-largest market.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
RBNZ has limited scope to cut cash rate this year: OECD
Crypto.com wants to sponsor more sports after Formula One Miami
Philippine central bank tightens dirty money risk reporting rule
Singapore Savings Bond 10-year average yield hits year-to-date high of 3.33%
A timeline of DBS’ recent banking glitches
China’s CICC demotes senior bankers, cuts pay to slash costs