Home News Fintech

Singapore FinTech sector brushes past Covid-19 worries to increase funds raised to $462 million

The Edge Singapore
The Edge Singapore6/19/2020 08:10 PM GMT+08  • 4 min read
Singapore FinTech sector brushes past Covid-19 worries to increase funds raised to $462 million
FinTech has the great opportunity to make a meaningful impact in 2020 and beyond, says Sopnendu Mohanty, MAS Chief FinTech Officer
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (June 19): Even as stock markets suffered extreme volatility in the past few months, the Singapore fintech brushed off worries over the economic turmoil triggered by the Covid-19 outbreak.

Year to date, new equity funding raised here increased by 19% year-on-year to $462 million, according to a study by BCG FinTech Control Tower (FCT).

“As we come out of the coronavirus pandemic, FinTech has the great opportunity to make a meaningful impact in 2020 and beyond by accelerating digitalization of financial services,” Sopnendu Mohanty, Chief FinTech Officer of the Monetary Authority of Singapore, tells FCT in an interview.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.