Singapore clinches 6.4% of Q2 fintech deal value despite funding winter: KPMG
But not all fintechs are poised to benefit equally, with some potentially facing more scrutiny
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Sharanya Pillai &
Tan Nai Lun
SINGAPORE has captured a bigger slice of global investments into fintech. The city-state grew its market share by deal value to 6.4 per cent in Q2 2022, up from 3.1 per cent in 2021, according to an analysis by KPMG.
Industry players The Business Times spoke to attributed the growth to Singapore’s strong regional leadership on several fronts, including regulation and business-friendly environment. But they noted that not all fintech segments are beneficiaries.
In a press release on Wednesday (Jul 13), KPMG noted that investors invested US$210 billion across fintech segments in 2021 and another US$108 billion in the first half of this year.
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