Lee Li Contributor
Lee Li is a project manager and B2B copywriter with a decade of experience in the Chinese fintech startup space as a PM for TaoBao, MeitTuan and DouYin (now TikTok).
More posts by this contributor
Investment in fintech is surging back following a brief but notable drop during the COVID pandemic. As a result, countries worldwide are seeing a large influx of capital for fintech ventures, and both investment totals and deal counts in the fintech space are increasing rapidly.
Although a large part of fintech funding focuses on countries such as the United States and the United Kingdom, smaller countries, particularly in Asia, are making their presence known. This is hardly surprising given that Asia leads the world in fintech adoption rates.
Singapore is one country building a solid reputation as a hub of fintech activity, and this reputation is generating substantial investment.
According to KPMG, total fintech funding worldwide in the first half of 2021 reached
For the first half of 2021, Asian fintech funding activity amounted to
Despite its small size (less than 5 million total population), Singapore is quickly reaching investment levels of countries many times its size. Although the KPMG data shows only
Compare Singapore’s total to countries like Canada and the major European countries. In the first half, Canada’s total investment was
Fintech adoption continues to grow rapidly, and the pandemic only provided additional fuel for the fire. Adoption rates in Europe, for example, accelerated by 72% in 2020 alone.
Lee Li is a project manager and B2B copywriter with a decade of experience in the Chinese fintech startup space as a PM for TaoBao, MeitTuan and DouYin (now TikTok).
More posts by this contributor
Investment in fintech is surging back following a brief but notable drop during the COVID pandemic. As a result, countries worldwide are seeing a large influx of capital for fintech ventures, and both investment totals and deal counts in the fintech space are increasing rapidly.
Although a large part of fintech funding focuses on countries such as the United States and the United Kingdom, smaller countries, particularly in Asia, are making their presence known. This is hardly surprising given that Asia leads the world in fintech adoption rates.
Singapore is one country building a solid reputation as a hub of fintech activity, and this reputation is generating substantial investment.
Singapore’s fintech investment surges forward
According to KPMG, total fintech funding worldwide in the first half of 2021 reached
For the first half of 2021, Asian fintech funding activity amounted to
Despite its small size (less than 5 million total population), Singapore is quickly reaching investment levels of countries many times its size. Although the KPMG data shows only
Compare Singapore’s total to countries like Canada and the major European countries. In the first half, Canada’s total investment was
Fintech adoption drives investment
Fintech adoption continues to grow rapidly, and the pandemic only provided additional fuel for the fire. Adoption rates in Europe, for example, accelerated by 72% in 2020 alone.