Today news
About the same in other media
Fintech deals in Singapore reach record levels
Reading now: 979
The figures from FinTech Global Research show that fintech companies based in Singapore were engaged in a record number of deals in 2022 with 232 deals in total.
However, the level of funding declined by 29% to $2.4bn between 2021 and 2022. The average deal size fell even further, falling by 39% to $10.3m.
The largest deal was conducted by digital asset infrastructure provider Amber Group which raised $300m from its most recent series C funding round.
The blockchain and crypto sector was the most active part of the fintech market, accounting for 82 deals and a 35% share of the transactions for 2022.
Paytech and wealthtech were the second and third most active sectors respectively.
Read more on finextra.com
About this in other media
What Coinbase’s move to Singapore means for U.S. banking systems ambcrypto.com /1 year ago
Coinbase opens local bank transfers for Singapore users at no cost economictimes.indiatimes.com /1 year ago
BinaryX Releases Trailer and Opens Beta Test For Futuristic Space Game Project Matthew cryptonews.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
