FinTech Magazine October 2024 | Page 34

SINGAPORE
TOP 10

10

Singapore
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SINGAPORE

VC : US $ 34BN IN FINTECH CAPITAL INVESTMENT , 2019-2022
BNPL USERS : 1.1 MILLION BNPL USERS IN 2022
KEY COMPANIES : GRAB , WISE , AIRWALLEX , ASPIRE
has solidified its position as one of Asia ’ s premier fintech hubs , ranking fourth globally in the 2023 Tech Cities Index . The city-state attracted US $ 34bn in fintech venture capital investments from 2019 to 2022 , leading the APAC region . Singapore ’ s fintech sector is diverse , with digital payments and cryptocurrencies showing significant growth . The number of Buy Now , Pay Later ( BNPL ) users in Singapore reached 1.1 million in 2022 , while the cryptocurrency funding landscape saw US $ 627m invested in local startups .
34 October 2024