Singapore FinTechs Experienced a Flurry of Fundraising, Recording Over Half a Billion Dollars (S$650m) in M&A and Equity Funding in the First Half of 2020
“The Singapore Fintech sector is reaching an inflection point in terms of size, investments and impact. As a global commerce center, the market is uniquely positioned to adopt technologies that streamline every aspect of finance and trade, from accounting to transfers and payments to identity and security. We’re especially excited about companies in the region that are developing new products and infrastructure that reduce friction throughout all aspects of a financial use case. Businesses that can add value in the form of recouped time, transparency, reduced costs and mitigated risk are especially relevant to the Singapore market.” – Kabir Narang, General Partner and co-Head of Asia, B Capital Group