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. With the record USD 861 million of FinTech private funding pouring into Singapore in 2019, it is not surprising to observe the rapid growth in the number of firms in that year. 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. This statistic represents the number of fintech investment deals in Singapore from the first quarter of 2013 to the fourth quarter of 2018. With the record USD 861 million of FinTech private funding pouring into Singapore in 2019, it is not surprising to observe the rapid growth in the number of firms in that year. Today, the FinTech industry experiences the huge changes. Singapore: The Fintech Nation traces Singapore's journey from 2015 to 2020, starting with establishing regional hubs and internationalization of fintech innovation. The overall funding in Asia’s fintech sector dropped significantly during the second quarter because of the coronavirus pandemic. 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. Which companies in this hub have the most subsidiaries. Venture Round - Cambridge Quantum Computing, Singapore FinTech Festival x Singapore Week of Innovation & TeCHnology, Foundation of Systematic Trading - TradersGPS, Total number of organizations associated with this hub, Superset of Industries that define the hub, Where the hub is headquartered (e.g. With robust economic growth and a young, fast-growing population, the number of fintech ventures in Singapore increased by about 60% to 756 at the end of October 2018 from 479 at the end of 2017, according to data from UOB as mentioned by Moody’s. This list of companies and startups in Singapore in the fintech space provides data on their funding history, investment activities, and acquisition trends. FBS CopyTrade Launches a New Card Scanning Feature!Go to article >>. Singapore, China to collaborate on fintech initiatives ... order to drive the expansion of fintech companies in their respective markets. 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) … Insights about top trending companies, startups, investments and. 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! Singapore and the Fintech Market With 52 per cent market share in South-East Asia (SEA), Singapore has become the centre for the burgeoning fintech industry. Our company provides a digital marketplace & social media platform to our users . Do let us know and we'd be happy to check ourselves and fix if necessary. We look at some of the fintech companies that made waves in the city-state this year. As retail investors, we can invest in these crowdfunding platforms to earn an interest from the loans we dispatched to these SME companies. Investment value in mature fintechs expanded to $604.97m despite the lower number of deals. What's the investment trend over time for this hub? Please open the email we sent you and click on the link to verify your account. As worldwide enthusiasm for the disruptive potential of fintech continues to rise, Singapore has increasingly stood out from a crowd of regions jostling for ‘fintech capital’ status. Singapore’s FinTech journey is about innovation, inclusion and inspiration. "FinTech for an Inclusive Society and a Sustainable Planet" - Remarks by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at Singapore FinTech Festival 2020 on 8 December 2020 In his keynote speech at SFF x SWITCH 2020, Mr Ravi Menon, Managing Director, MAS, spoke on leveraging FinTech to create a more inclusive society and a more sustainable planet. QUOINE is a top FinTech company in Singapore that offers trading, exchange and up-to-date financial services. What's the most common types of sub-organization? The database contains primary data collected in two ways: 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.” 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. First of all, aside from talent shortage, Singapore’s fintech scene has a high turnover rate as well. Submit your FinTech Company . In the first nine months of 2019, fintech investments in Singapore soared 69 per cent to US$735 million, according to research by Accenture. The country now has nearly 10,000 employees related to the fintech sector, compared to around 1,100 in 2015. 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 … In the first nine months of 2019, fintech investments in Singapore soared 69 per cent to US$735 million, according to research by Accenture. 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. The country currently has 490 + startups, and the top 3 biggest sectors are the payment, lending and investment industries. 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. Terms, Cookies and Privacy Notice. This field is for validation purposes and should be left unchanged. The The total number of fintech companies jumped to 1,000 in 2020, compared to just 100 in 2015. About 10% of respondents are in companies which are operational for less than a year, In the globalised world, Singapore has also realised the importance of forging alliances. What's the most common final funding type when companies get acquired? 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. Singapore showed outstanding growth in the fintech sector in the last 5 years. 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! Since 2013, the number of FinTech-Certified firms incorporated in Singapore has been on an uptrend. The Most Innovative Fintech Companies In 2020. 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. ... and UnionPay would enable a large number of … You can read over 300 User Reviews for P2P Lending companies in Singapore. Finance Magnates is a global B2B provider of multi-asset trading news, research and events 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! Insights about top trending companies, startups. 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. investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. The country is is well positioned to be the regional headquarters for fintech companies, according to the report. 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. The listing is provided for general information only and is not an endorsement by Singapore FinTech Association nor does Singapore FinTech Association accept any responsibility or liability for its use. We look at some of the fintech companies that made waves in the city-state this year. Singapore: The market's largest segment will be Digital Payments with a total transaction value of US$11,200m in 2021. 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. 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. Read more at The Business Times. A large number of financial platforms and apps are making use of the latest fintech innovations to power ahead. We will send instructions to reset 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. SINGAPORE — Singapore’s fintech firms are attracting tie-ups with big names and big money. 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. 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. SINGAPORE — Singapore’s fintech firms are attracting tie-ups with big names and big money. Global FinTech is emerging, and it has opened the world for more developments and possibilities. List of Singapore FinTech Companies The Singapore Fintech Map & Landscape. With 52 per cent market share in South-East Asia (SEA), Singapore has become the centre for the burgeoning fintech industry. The fintech industry in Singapore is estimated to employ around 6,500 to 10,000 people in total, based on extrapolated survey results. Enter your email address below. 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. Series A, Seed, Private Equity), Average of the Crunchbase Ranks of the organizations in this hub, Organization Name: Name of the Organization, Total Funding Amount: Total amount raised across all funding rounds, CB Rank (Organization): Algorithmic rank assigned to the top 100,000 most active Organizations, Trend Score (30 Days): Movement in Rank over the last 30 days using a score from -10 to 10, Total number of funding rounds associated with this hub, Total funding amount raised across all funding rounds, Total number of acquisitions made by organizations in the hub, Announced Date: Date that the Funding Round was publicly announced, Organization Name: Name of the organization that got funded, Transaction Name: Auto-generated name of transaction (e.g. Singapore and the Fintech Market. 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 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.. I nvestors poured more than $53 billion into fintech startups worldwide in 2019, according to Accenture. It has offices in Singapore, Vietnam, and Japan. 2019 was a banner year for Singapore's fintech industry, with investments having doubled to more than US$861 million compared to the year before, and more than 40 innovation labs being set up to drive innovation within the traditional financial institutions and facilitate collaborations with fintech firms. Asia Pacific received a total of US$14.8bn in investments last year. M&A activities, notable investors of these companies, their management team, and recent news are also included. 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. 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. 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. A number of Australian fintech companies have been included in the Fintech … Thank you for registering to Finance Magnates. 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. 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. 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) in … Numbers from our survey reveal that nearly 40% of respondents have changed jobs within the last 12 months. This list of companies and startups in Asia in the fintech space provides data on their funding history, investment activities, and acquisition trends. These are driven by blockchain expertise. 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. Read more → The total number of fintech companies jumped to 1,000 in 2020, compared to just 100 in 2015. Judo Bank, Airwallex and Afterpay are all in the top 50, but there are notable changes from 2018. The listing is provided for general information only and is not an endorsement by Singapore FinTech Association nor does Singapore FinTech Association accept any responsibility or liability for its use. 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. 360F is a wealth advisory distribution and applications provider. 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. 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. 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. Book Launch: 7 December 2020. The company combines a sturdy network of local partners that have wide-ranging team involvement in banking and financial products. As a result, over 110 Singaporean local investors, accelerators, and fintech companies pre-registered for the event. SINGAPORE — Singapore’s fintech firms are attracting tie-ups with big names and big money. How has the popularity of this hub's companies trended over time? “Singapore is increasingly becoming a hub that includes data centres, regional talent, and diversified sources of capital. Read More: German Peer-to-peer Lender auxmoney Raises €150 Million. Category 1: Multi Currency Cards. The total number of fintech companies jumped to 1,000 in 2020, compared to just 100 in 2015. As a result, over 110 Singaporean local investors, accelerators, and fintech companies pre-registered for the event. 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. China and India continue to be the largest FinTech ecosystems based on investments and number of startups, and Singapore as continues to position itself as a clear leader in the Southeast Asian region, given its supportive startup and FinTech … Which investors participated in the most funding rounds within this hub? The Vietnam Fintech Report 2020 delves into the state of the domestic fintech landscape, shares key industry trends, and looks at the local fintech startups ecosystem. This list of companies and startups in Asia in the fintech space provides data on their funding history, investment activities, and acquisition trends. Seoul Fintech Lab holds an online Seoul Fintech Meet with Singapore Fintech Association on Dec 10 to support startups' entry to the global market. 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. A growing number of global reports and rankings pinpoint Singapore as a region to watch for both current and future potential. 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