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Singapore fintech firms grabs more than half of funding in Asean: Report

Benjamin Cher
Benjamin Cher11/12/2019 06:17 PM GMT+08  • 3 min read
Singapore fintech firms grabs more than half of funding in Asean: Report
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).
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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.

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