Singapore’s fintech funding hit three-year high for an H1 period, but fizzles from H2 2021 Asian Banking & Finance

News Snapshot:

The funding was the highest for a first-half period since 2019, but 15% lower than in H2 2021 Singapore’s fintech funding hit a three-year-high for a first half period in H1 2022, with firms securing US$2.14b across venture capital (VC), private equity, and mergers & acquisitions (M&A), according to data released by KPMG. This is a 64% jump than last year’s US$1.31b. However, the number is 15% lower than in the last six months of 2021, when funding totalled US$2.51b. This reflects greater caution from investors in reaction to “market developments,” according to KPMG. Venture capital (VC) funding towards the...