Chart of the Day: Late-stage capital rounds snap 45.8% of fintech funding in H1

This bucks the trend that startups are only receiving seed funding.

Later-stage deals have been accounting for a greater part of Singapore fintech funding in the past four years with capital injections worth more than $5m snapping up 43.2% of total fintech funding in 2017, according to Fintech Global. 

Also read: Singapore nabbed Asia's fintech crown from Hong Kong in 2017

The percentage of funding for Singapore fintechs within the US$5m to US$10m stage as a share of total deals steadily grew from a measly 5% in 2014 to 18.2% in 2017.

The share of funding within the US$10m to US$20m range also surged from 2.7% in 2015 to 13.6% in 2017 and 16.7% in the first half of the year. Funding rounds in the $20m range and above similarly rose from 2.7% in 2015 to $11.4% in 2017 and nearly a third (29.2%) H1 2018.

Also read: Singapore trumps Silicon Valley as top place for startup talent

"There was an absence of deals valued above $10m in 2014. However, this category’s share subsequently increased year-on-year; in 2017, a quarter of all deals were larger than $10m. This trend continued in H1 2018 with 45.8% of investments in this range," Fintech Global added. 

A notable deal in this category was the $30m investment by Makara Capital in tryb Group, which acquires and develops middle market FinTech companies. 

The growing investor inclination towards later-stage funding bucks the seed funding rut commonly plaguing homegrown startups who are able to access capital within the US$50,000 to US$2m range that covers initial rounds but are unable to unlock further capital within the US$3m range to grow their products and expand into other markets.  

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

ARA LOGOS is currently on the 13th spot.
Meanwhile, the demand for petrochemical exports benefitted from this same crisis.
This is expected to speed up the electronic exchange of trade documents.
This is in support of achieving Absolute Zero Carbon by 2040.
Adults will only shop if goods are discounted by at least 48%, survey says.   About 54% of 1,001 Singaporean adults have plans to shop during the Black Friday sales but only if prices of goods are discounted by at least 48%, a survey from Finder.com showed.
This move is in line with its goal to accelerate recommerce growth in SEA.
The notes were released under its $3m Multicurrency Medium Term Note Programme.
Singtel showed the most growth.
Re-exports also saw an increase of 16.4% in the same month.
The marine company apologised to its workers at the dorm.
SG electricity demand peaked at 7,667MW in October 2021.
The two aim to accelerate the progression of AI.
It will focus on sustainable opportunities for companies in Singapore.
Cargo load factor, however, was down by 1.6% YoY to 97.3%.
Despite this, KF pegs their estimated total sales for the year at 13,000 units.