Chart of the Day: See how fintech funding in Singapore recovered in Q2

Singapore is pushing for regional collaboration in Southeast Asia.

This chart from KPMG shows that the total fintech funding in Singapore surged to around US$70m in Q2 from a slump of around US$10m in Q1.

The chart also revealed that fintech funding in Singapore peaked in Q4 2017 to more than US$130m worth of deals.

KPMG noted that Singapore continued to push for regional collaboration in Southeast Asia, including the development of a regional fintech innovation sandbox. The Monetary Authority of Singapore (MAS) also pushed on its focus on financial inclusion and started to intensify its focus on encouraging insurtech innovation.

“Riding into the second half of the year, Singapore fintechs will continue to see 2018 as a year of execution and a year of regional expansion beyond local shores as they accelerate their growth momentum,” the firm said.

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!

HongKongLand had the most growth for the day.
It surpassed the Bloomberg consensus estimate of 14.5%.
The agreement aims to grow tourism and economic activities as borders reopen. 
It will also enter a loan agreement worth $210.6m.
The acquisition will be fully funded by cash through internal resources.
These countries are Cambodia, the Maldives, Sri Lanka, Thailand, and Turkey.
The decrease was driven by profit declines in their beer and non-alcoholic businesses.
Sources say the state-owned Chinese firm is in talks with advisers about the potential divestment.
The tests start on 29 November.
Exercise CyberMaritime 2021 puts the sector's cybersecurity readiness to the test.
This is equivalent to 236 attackers per company in a year.
Genting Singapore was seen with the most growth.
The partnerships aim to improve care delivery and patient outcomes.