However, last year’s US$383.5 million in total deal value was just shy of 2017’s US$393.8 million. Singapore’s 30 Hottest Fintech Startups To Watch. Against this backdrop, Singapore’s fintech startups have continued to grow and attract funding in 2020. This is for several reasons: “Singapore fintech startups are tapping into the tech-literate but financially under-served populations of China, Indonesia, and India,” Singhal explained. Singapore showed outstanding growth in the fintech sector in the last 5 years. Hear live content from over 40 FinTech hubs around the world. Sea Limited (NYSE: SE) was a top performing stock in 2020, with shares up over 400% on the strength of its gaming and e-commerce businesses. Singapore is setting aside SG$125 million ($88.12 million) to help its financial services industry (FSI) and fintech firms boost their digital capabilities and drive their deployment of digital tools. Heralded as Asia’s tech capital, Singapore has around 500 fintech startups, headed up by a strong presence across payments and the peer-to-peer lending sectors. Ng expressed his wish for Korean fintech startups’ entry to the Singaporean market, while explaining about a plan to open personal communication channels for Korean fintech startups. The country now has nearly 10,000 employees related to the fintech sector, compared to around 1,100 in 2015. Startups and tech companies are flocking to Singapore because things there, well, they just seem to work. Singapore FinTech Association (SFA) and Razer Fintech will provide fintech companies in Singapore bridge financing, equity or equity-linked instruments ranging from US$100,000 to US$1.5 million (S$143,000 to S$2.1 million). Join our community, be part of SFA, and enjoy awesome benefits and great network insights! This achievement is due to SFF investor engagement events and initiatives such as Deal Fridays,   FinTech Research Platform,  and Green Shoot Series. SINGAPORE — Singapore’s fintech firms are attracting tie-ups with big names and big money. Singapore-based fintech companies raised $190 million in funds in the first half of this year, down 58% from a year ago, according to a survey conducted by consultancy Accenture. 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! New Fintech jobs added daily. Get the right to vote in committee member elections. SGT 07 Dec 10:00 - 10:30 | GMT 07 Dec 02:00 - 02:30 | PST 06 Dec 18:00 - 18:30 How Will the Financial Services Sector Respond in 2021 (Episode 1) Speaker: Shayne Elliott, Chief Executive Officer, ANZ. This list of companies and startups in Singapore in the fintech space provides data on their funding history, investment activities, and acquisition trends. A startup-focused investor ecosystem: Singapore has taken the lead in FinTech funding in Southeast Asia, and government-linked funds have played an important role in kickstarting the FinTech ecosystem, particularly in their support of earlier-stage startups. HIGHLIGHTS FOR THE DAY Economic Summit. Then, SBCN, XQuant, Finhaven, Fin2B, and 800m, the SFL startups, pitched their businesses. Today, Singapore is home to about 750 fintech organizations, representing 43% of all fintech companies in Southeast Asia.Singapore also hosts some of the region’s top accelerators and startup programs, as well as innovation labs.. Notable Fintech Companies and Startups in Singapore. With Singapore fintechs taking 51% of ASEAN funding as of Q3 2019, it comes as no surprise that investors may be keen to learn more about the country’s fintech landscape.. Singapore has over 40 innovation labs, more than 500 fintech start ups, SGD500 million in record-high fintech investments in 2018, and USD12 billion in capital for ASEAN enterprises. Is Singapore – and more importantly, the Singapore model – the future of fintech? SINGAPORE, January 11, 2021 – Propine, a Singapore-based end-to-end securities services firm catering for digital securities services to institutional clients has become the first independent Digital Asset Custody service provider to graduate from the Monetary Authority of Singapore’s (MAS) FinTech Regulatory Sandbox. List of Singapore FinTech Companies The Singapore Fintech Map & Landscape. Singapore’s vibrant startup ecosystem, supportive government, stable financial system and business-friendly tax regime, have helped turn the city-state into an. Grab. Confidence in Singapore’s fintech startups has remained strong despite trade tensions and global economic headwinds, exceeding expectations with investments crossing the S$1 billion (US$733.8 million) mark for the first nine months of this year, up nearly 70% from 2018, according to research by consulting firm Accenture. 2020 was a challenging year on the local jobs market as we saw companies laying off their workforce mostly due to insufficient funding or lack of revenue. The final sum depends on the fintech company's stage of growth and business requirements. Startupbootcamp FinTech is the leading global accelerator focused on financial innovation. Leading fintechs in Singapore include BetterTradeOff (which uses AI to offer life planning advice); Singapore Life/Singlife (insurtech), Capital Match (peer-to-peer lender) and Toast (online remittances). Singapore: The market's largest segment will be Digital Payments with a total transaction value of US$11,200m in 2021. These include securing the correct licenses,maintain personal data standards und PDPA and adhering to AML/CFT notices. Although there is no fintech specific legislation in Singapore, fintech companies must comply with the existing regulations that oversee the financial services industry. As the sector matures in the coming few years, later-stage funding will also develop. And it is situated at the heart of Southeast Asia, with an alluring demographic profile and mobile-savvy populations. Read More. While it started out as a ride-hailing company, Grab has quickly become a fintech giant across the region with its finance and payment solutions. Join exclusive members-only events, workshops, learning journeys and more! 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. SINGAPORE, Jan 22, 2021 - (ACN Newswire) - We are pleased to announce that our regional partner OIO Holdings Limited (SGX: OIO) has appointed Rudy Lim, former Head of FinTech … Singapore FinTech Association's success could only have happened with the help of our members community. Seoul Fintech Lab successfully ended Seoul Fintech Meet 2020, which is an event to help Korean fintech startups in their global market entry. Each year we provide funding, collaboration, coaching, mentorship, office space in Singapore and access to a global network of corporate partners, mentors, investors and VCs, for up to 12 selected FinTech and InsurTech startups selected across the globe. Leverage your professional network, and get hired. These include its mobile wallet, GrabPay, as well as a suite of financial services launched by Grab’s fintech arm, Grab Financial Group. Singapore sets up research institute to boost fintech capabilities. Validus Capital. The total number of fintech companies jumped to 1,000 in 2020, compared to just 100 in 2015. Mainboard-listed fintech firm iFast Corp’s chairman and chief executive Lim Chung Chun, 52, describes iFast’s journey and how it became one of Singapore’s Fastest Growing Companies 2021. Online Wealth Mgt Wealthtech. We look at some of the fintech companies that … 10 Fintechs Stand a Chance to Present Their Solutions to Singapore’s Investment Industry . Today’s top 1,000+ Fintech jobs in Singapore. Despite Singapore’s already well-established fintech industry, the sector continues to grow. Fintech startups in Singapore closed 48 deals in 2020, up from 42 deals in 2019. Startupbootcamp Fintech Singapore, its Singapore fintech accelerator, provides funding, mentorship and office space as well as access to a global network of corporate partners, mentors, investors and venture capitalists. 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