The Straits Times
Singapore FinTechs are off to a flying start in 2021, having raised about S$656 million in the first quarter, up 355 per cent from the year before.
BCG's Pauline Wray attributes this to Singapore’s reputation as a strategic gateway to the region. “International players view Singapore as a strategic gateway to the region due to the availability of capital, favourable business environment, strong technology and banking talent pool, and a robust licensing application and vetting process which provides successful applicants with a credibility 'brand premium',” she said.