TOP 10

Singapore ’ s fintech market is valued at a significant US $ 7.8bn and is expected to register a compound annual growth rate ( CAGR ) of 7 % over the next year . The city has some of the most well-funded fintechs in the world based in its ( metaphorical ) walls . These include Coda Payments ( valued at US $ 715m ), Atome Financial ( valued at US $ 545 m ) and Advance Intelligence Group ( valued at US $ 536m ). Singapore has the highest number of fintech firms in the ASEAN-6 ( Indonesia , Malaysia , the Philippines , Singapore , Thailand and Vietnam ), with 1,580 fintech organisations registered as of November 2022 .

Rounding out our Top 3 fintech hubs in the world is New York . The city that never sleeps , New York has 1,629 fintech organisations headquartered in its perimeter . Fintechs in New York have seen US $ 48.1bn invested in them across 2,399 rounds . Recent funding in New York-based fintechs includes Seed rounds for Parallax and Pop Social and venture rounds for N5 Now and Tassat Group . Ramp and Teamshares have also seen Series D investment in recent months . Recent investment groups pumping their funds into New York-based fintechs include Greycroft , Endeavor and Rethink Impact .

38 November 2023