with special focus on electronic trading, banking, and investing.Copyright © 2021 "Finance Magnates Ltd." All rights reserved. Which investors participated in the most funding rounds within this hub? The total number of fintech companies jumped to 1,000 in 2020, compared to just 100 in 2015. Asia Pacific received a total of US$14.8bn in investments last year. Event Details: Date: 18 April 2018 Time: 6.30pm to 8.30pm Venue: The GREATROOM Centennial Tower, Level 18, 3 Temasek Ave, Singapore 039190 In 2019 we have also seen the emergence of India as a fintech force taking out 2 top 10 positions and with 8 companies on this year’s list altogether. Companies & Markets News -SINGAPORE - The financial technology sector here saw investments more than double last year to US$861 million (S$1.2 billion) from US$365 million in … Read more at The Business Times. Japan, San Francisco, Europe), Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of founders of organizations in the hub, Average date the Organization was founded, Percentage of organizations in this hub that have been acquired, Percentage of organizations that have gone public with an IPO, Percentage of organizations in this hub that are non-profits, Total number of for-profit companies in this hub, Total number of non-profit companies in this hub, Top 5 investor types represented in this hub, Last Funding Round type of organizations in the hub (e.g. The country is is well positioned to be the regional headquarters for fintech companies, according to the report. SINGAPORE; Oct. 15, 2019 – Investment in financial technology (fintech) ventures in Singapore rose sharply in the first nine months of 2019, led by fundraising with payments startups and insurtech firms and a shift toward more-mature companies, according to an Accenture (NYSE: ACN) analysis of venture-finance data from CB Insights, Pitchbook and Tracxn. The The total number of fintech companies jumped to 1,000 in 2020, compared to just 100 in 2015. SFL hosted the online 'Seoul Fintech Meet' as part of the 10X Extension in Singapore on the 10th. What's the investment trend over time for this hub? Submit your FinTech Company . Please check your inbox for our authentication email. We look at some of the fintech companies that made waves in the city-state this year. WhatsApp acquired by Facebook), Total number of people associated with this hub, Full Name: First and last name of a Person, Primary Organization: The organization associated to the person's primary job, Primary Job Title: The person's primary job title, CB Rank (Person): Algorithmic rank assigned to the top 100,000 most active People, Total number of events associated with this hub, Location: Location of the Event (e.g. Insights about top trending companies, startups, investments and. Insights about top trending companies, startups, investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. While the COVID-19 pandemic has resulted in a fall in overall FinTech funding in Asia (particularly in China and India), the funding landscape in Singapore has been less volatile. Advertisement Growth of number of fintechs and employees in 5 years, Singapore Fintech Landscape in 2020 and Beyond, Oliver Wyman, Singapore Fintech Association, Dec 2020 Enter your email address below. As a result, over 110 Singaporean local investors, accelerators, and fintech companies pre-registered for the event. Read More: German Peer-to-peer Lender auxmoney Raises €150 Million. A growing number of global reports and rankings pinpoint Singapore as a region to watch for both current and future potential. The total number of fintech companies jumped to 1,000 in 2020, compared to just 100 in 2015. Newly-Formed GMI Ventures Aims to Invest in Proven Startups, UK’s Fintech Sector Secures $4.1 Billion Investment in 2020, Visa Calls off $5.3B Plaid Acquisition over Antitrust Concerns, Singapore’s Fintech Investments Jumped 300% in Q2. As retail investors, we can invest in these crowdfunding platforms to earn an interest from the loans we dispatched to these SME companies. What's the most common final funding type when companies get acquired? The company combines a sturdy network of local partners that have wide-ranging team involvement in banking and financial products. Singapore: The market's largest segment will be Digital Payments with a total transaction value of US$11,200m in 2021. Leave your name/email (not required) if you'd like to be contacted about this story (will not be disclosed): Be it a typo or a factual error - we do our best but we are also human! This statistic represents the number of fintech investment deals in Singapore from the first quarter of 2013 to the fourth quarter of 2018. P2P Lending Platforms in Singapore crowd funds and raise money from a large number of investors. Since 2013, the number of FinTech-Certified firms incorporated in Singapore has been on an uptrend. Singapore: The Fintech Nation traces Singapore's journey from 2015 to 2020, starting with establishing regional hubs and internationalization of fintech innovation. This list of companies and startups in Singapore, Central Region in the fintech space provides data on their funding history, investment activities, and acquisition trends. As for FinTech in Singapore, it has been a hub for innovation and will surely continue as an Asian and global leader. About 28 per cent of the total funds raised in the period went to insurtechs, while fintech companies in payments took 27 per cent, and those … In no particular order, we will be grouping the list of FinTech companies here in this map which are offering consumer facing solutions to people living in Singapore! about top trending companies, startups, investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. Everything we do in FinTech must always have a larger purpose – to improve the lives of individuals, to build a more dynamic economy, to promote a more inclusive society. We look at some of the fintech companies that made waves in the city-state this year. Vietnam’s fintech startup landscape more than tripled in size between 2017 and 2020, growing from 44 startups in 2017 to now 118 startups, according to a new report produced by Fintech News Singapore. Which companies in this hub have the most subsidiaries. SINGAPORE — Singapore’s fintech firms are attracting tie-ups with big names and big money. SINGAPORE — Singapore’s fintech firms are attracting tie-ups with big names and big money. The country currently has 490 + startups, and the top 3 biggest sectors are the payment, lending and investment industries. Singapore’s ongoing liberalisation of the finance sector has led to an explosion in FinTech startupsin the city, as digital rivals emerge to compete with traditional banks.The number of such startups has risen from around 50in 2015 to more than 600 today. M&A activities, notable investors of these companies, their management team, and recent news are also included. Singapore fintech association released a report in partnership with management consulting firm, Oliver Wayman which shows that the total financial technology investments jumped more than 300% in the second quarter of 2020. Book Launch: 7 December 2020. Singapore is in the best position to do this due to the harmony of our different sectors internally, and to its small size being advantageous to this. The total number of fintech companies jumped to 1,000 in 2020, compared to just 100 in 2015. The Most Innovative Fintech Companies In 2020. Since 2013, the number of FinTech-Certified firms incorporated in Singapore has been on an uptrend. This support for FinTechs in Singapore stands in contrast to other markets in the region, where many FinTechs, especially early-stage businesses, have struggled to cope with the impacts of the pandemic,” the report states. Seoul Fintech Lab holds an online Seoul Fintech Meet with Singapore Fintech Association on Dec 10 to support startups' entry to the global market. It has offices in Singapore, Vietnam, and Japan. You can read over 300 User Reviews for P2P Lending companies in Singapore. Despite an initial decline in funding, Singapore’s FinTech investments rebounded in the second quarter of 2020, with investors recognising the opportunities existing in Southeast Asia. Singapore: The market's largest segment will be Digital Payments with a total transaction value of US$11,200m in 2021. The official report states that the fintech sector of the city-state attracted $278 million (S$371 million) during Q2, compared to just $68 million in the first quarter. How are IPOs trending over time in this hub? Investment value in mature fintechs expanded to $604.97m despite the lower number of deals. Insights about top trending companies, startups, investments and. Category 1: Multi Currency Cards. Rating it above other emerging fintech centres such as Germany, Australia and Hong Kong, the report said Singapore was now the “preferred gateway into the Asian market” and that all but a dozen of the approximately 210 fintech firms operating in Singapore have opened in the past two years – the fastest growth rate in Asia. More than 40% of South-east Asia’s fintech companies are based in Singapore, and its Government has allocated more than $200 million to grow the financial technology ecosystem in the country. By end-October 2018, Singapore accounted for the largest number of fintechs amongst ASEAN countries, home to 43% of those companies in the region, up from 39% at the end of 2017. This list of companies and startups in Asia in the fintech space provides data on their funding history, investment activities, and acquisition trends. Recent years have seen an explosion in the number of firms proffering services in the financial technology (“FinTech”) space across the globe and Singapore is no exception to this. SINGAPORE - Fintech investments in Singapore for the nine months ended Sept 30 jumped 69 per cent to US$735 million from US$435 million (S$595.4 million) … The Singapore Fintech Festival comes just after the city-state awarded highly-anticipated digital banking licenses to four parties including China's Ant Group. Insights. Japan, San Francisco, Europe, Asia), CB Rank (Event): Algorithmic rank assigned to the top 100,000 most active Events, Average date at which organizations in this hub went public. The fintech industry in Singapore is estimated to employ around 6,500 to 10,000 people in total, based on extrapolated survey results. Angel, Fund of Funds, Venture Capital), Median number of investments made by investors in this hub, Median number of lead investments made by investors in this hub, Announced Date: Date the acquisition was announced, Acquirer Name: Name of the acquiring organization, Transaction Name: Auto-generated name of transaction (e.g. The number of Singapore-based fintech companies has increased rapidly in recent years, but there are no startups equivalent to unicorns -- companies valued at more than $1 billion. your password. Singapore and the Fintech Market. For more information, read our FinTech Certified. The global FinTech market is expected to remain strong, with an increasing number of companies and incumbents seeking new opportunities to collaborate, connect and co-create. The investments dropped to $2.4 billion in Q2, compared to $3.13 billion in Q1 as China and India reported a substantial dip in funding. “Interestingly, in 2020, Singapore has demonstrated resilience amidst the COVID-19 pandemic. The nascent Singapore fintech industry has expanded to an estimated 1,000 firms, making it the largest hub in South-east Asia in terms of total fintech-investment dollars as well as number of fintech firms. Singapore, which has held the 4 th rank in GFCI’s ranking of global financial centres, also ranked 8 th in its inaugural fintech survey, scoring “consistently high across all categories.” FBS CopyTrade Launches a New Card Scanning Feature!Go to article >>. Terms, Cookies and Privacy Notice. Through close cooperation with SFA, Seoul Fintech Meet was made within the Singapore Pavilion of Singapore Fintech Festival, the world’s largest event of its kind. FINTECH COMPANIES IN MALAYSIA – PAYMENTS In the first nine months of 2019, fintech investments in Singapore soared 69 per cent to US$735 million, according to research by Accenture. A growing number of global reports and rankings pinpoint Singapore as a region to watch for both current and future potential. First of all, aside from talent shortage, Singapore’s fintech scene has a high turnover rate as well. The country now has nearly 10,000 employees related to the fintech sector, compared to around 1,100 in 2015. Numbers from our survey reveal that nearly 40% of respondents have changed jobs within the last 12 months. However, this was the slowest growth rate in nine years, suggesting that activity in more-mature markets might be levelling off just as it gains steam in emerging fintech centers. So many few startups are slowly knocked out of the game while more and more players have been joining. Judo Bank, Airwallex and Afterpay are all in the top 50, but there are notable changes from 2018. ... "Singapore is a country where the most number … With 52 per cent market share in South-East Asia (SEA), Singapore has become the centre for the burgeoning fintech industry. According to new report by Oliver Wyman and Singapore Fintech Association (SFA), Singapore is now home to more than 1,000 fintech companies employing over 10,000 individuals. Finance Magnates is a global B2B provider of multi-asset trading news, research and events How much aggregate funding have these organizations raised over time? Insights about top trending companies, startups. We look at some of the fintech companies that made waves in the city-state this year. This field is for validation purposes and should be left unchanged. In particular, the number of deals closed in Singapore rose by 55 per cent to 48, up from 31 in the first half of 2018. No. About 28 per cent of the total funds raised in the period went to insurtechs, while fintech companies in payments took 27 per cent, and those in lending took 25 per cent, the data showed. Employment within Singapore’s FinTech industry appears strong, with 42% of respondent firms reporting 30 or more employees, and a further 31% having between 11 to 30 employees. Main fintech start-ups in Singapore 2017 based on Twitter follower number Main fintech start-ups in Singapore 2017 based on Klout score Top funded fintech start-ups in Singapore 2019 A number of Australian fintech companies have been included in the Fintech … I nvestors poured more than $53 billion into fintech startups worldwide in 2019, according to Accenture. investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. M&A activities, notable investors of these companies, their management team, and recent news are also included. Singhal also said that while “payment services form the larger chunk of the fintech market” in Singapore, “investment and insurance offerings by Fintech companies are on the rise.” Additionally, fintech in Singapore is also fueled by the remittance industry, which Singhal is a huge part of the economies of a number of Asian countries. The first step to create a fintech business is to open a company in Singapore.The registration process is quite simple and can be handled by our company formation agents in Singapore.. We have seen meaningful acceleration on this, and despite the COVID-19 pandemic, global investors have been injecting funds into Singapore FinTechs, an indication of the strength of our ecosystem,” Pradyumna Agrawal, Director of Investment at Temasek, said in a statement. The number of fintech deals globally rose 6.8% in 2019, to 3,472, another record level. Do let us know and we'd be happy to check ourselves and fix if necessary. Finaxar In particular, the number of deals closed in Singapore rose by 55 per cent to 48, up from 31 in the first half of 2018. There were only 50 fintech companies in Singapore five years ago, but the number has jumped, with 400 emerging just in the past year, according to MAS. This list was extracted from our Fintech Malaysia Report 2018, it is intended to serve as a comprehensive list of fintech companies and startups operating in Malaysia. Number of Fintech companies founded globally 2008-2018, by industry; Leading Fintech deals globally 2020 ; Largest U.S. Fintech companies 2020, by value; The most important statistics. “Singapore is increasingly becoming a hub that includes data centres, regional talent, and diversified sources of capital. List of Singapore FinTech Companies The Singapore Fintech Map & Landscape. They do this in order to bring the finest in class … Companies can now deliver more services and for a much lesser price of what it would have previously cost. Singaporean wealthtechs make up 2020’s Wealthtech100. Please open the email we sent you and click on the link to verify your account. The number is similar if you zero in on the 25–35 age group, where 36% of fintech talent have changed jobs within the last 12 months. ... and UnionPay would enable a large number of … Our company provides a digital marketplace & social media platform to our users . Singapore's fintech sector has been a great growth story with more than 400 fintech firms in the country and a lot more being added every year. This list of companies and startups in Singapore in the fintech space provides data on their funding history, investment activities, and acquisition trends. Angel - Uber), Money Raised: Amount of money raised in Funding Round, Total number of investments made by investors in this hub, Announced Date: Date when the Investment is announced, Investor Name: Name of the investor who participated in the Investment, Funding Round: Name of the funding round where the Investment is made, Number of Investors: Total number of Investors in a Funding Round, Total number of lead investment firms and individual investors that invested in organizations of this hub, Total number of investment firms and individual investors that invested in organizations of this hub, Organization/Person Name: Name of the Organization or Person, Location: Where the organization is headquartered, Investor Type: This describes the type of investor this organization or person is (e.g. Growing Proprietary Database of 13,000+ FinTech Companies We have one of the largest databases with more than 13,000 company profiles listed across 60+ verticals! Last year’s Wealthtech100 featured a number of Singaporean wealthtech companies, including 360F, Kristal.ai, and Tradesocio. 6 Singapore FinTech Talent Survey Report 2019 The plurality of entities is reflected further in the lifespan of FinTech firms, with survey respondents showing that Singapore’s FinTech industry comprises a mixture of maturity levels. In the first nine months of 2019, fintech investments in Singapore soared 69 per cent to US$735 million, according to research by Accenture. Total value of financial technology (fintech) deals in Singapore jumped to almost $1.01b (US$735m) in the first nine months of 2019, a 69% YoY rise compared to the $585.38m (US$435m) recorded over the same period in 2018, according to a report by Accenture. That nearly 40 % of respondents have changed jobs within the last years! 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