Singapore fintech firms grab more than half of funding in Asean — report

-A +A

SINGAPORE (Nov 12): Financial technology firms in Singapore continue to grab the lion’s share of funding in Asean, according to a report by United Overseas Bank (UOB), PwC and the Singapore FinTech Association (SFA).

According to the report, “FinTech in Asean: From Start-up to Scale-up”, fintech companies here received 51% of funding for the region.

Singapore also tops Asean as a preferred base, being home to 45% of all fintech firms in the regional bloc.

These firms saw funding being spread out evenly, compared to other countries in Asean, with...(click on link for full story on theedgesingapore.com)