February 24, 2024

IPO News

Singapore’s Fintech Investment Hits Three-Year High

In 2021, the Fintech market experienced a remarkable year, with career high deals and financing across all regions, including the United States, Asia Pacific and EMEA. However, global funding and deal volume are expected to fall significantly by 2022. However,the Asia Pacific region led the way in terms of growth, with a combined total US$50.5 bn in Fintech investment, and Singapore set a three-year record-breaking US$4.1 billion.

According to KPMG’s survey for the 2nd half of 2022, labeled ‘Pulse of Fintech,’ global Fintech investment was $44.9 billion in H2’22, estimated at Us$119.2 billion in H1’22, indicating a more than 50% decrease. Despite the low comparison from last year, KPMG found that 2022 was the 3rd best year for digital payments and the 2nd best year for the deal volume. Regionally, America attracted the most global funding in the Fintech sector, attracting US$68.6 bn across 2,786 transactions, with the US accounting for US$61.6 billion across 2,222 transactions.

In contrast, the Asia-Pacific region saw $50.5 bn in Fintech funding across 1,227 transactions, while the EMEA region saw $44.9 bn across 1,977 transactions. The Asia-Pacific region saw an increase in Fintech funding from $50.2 bn across 1,604 transactions in 2021 to $50.5 across 1,227 transactions in 2022, setting a new low.

According to the KPMG Pulse of Fintech H2 ’22, Fintech investment in Singapore increased year on year, reaching a three-year record of US$4.1 bn across 250 transactions in M&A, PE (private equity), and VC (venture capital) in 2022. Payments and crypto/blockchain were the top 3 areas of Fintech investment globally in 2022, while IPOs, crypto/blockchain, and payments were the three top areas of Fintech investment in Singapore.

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