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Singapore fintech startups are blooming and Investors are taking a keen interest in this industry. The report says that investment has hiked 69% from the year 2018. Although the year 2019 is still in its last quarter, analysis reports $735 million investments up until September 2019. These numbers exceeds the year of 2018 total investments which was $642 million.
However, the number of fintech deals fell from 2018 i.e 133 to 94. Investors are making larger deals in lesser startups. Additionally, Central Bank is planning to give five new digital bank licenses to non-banks. This analysis is based on data from CB Insights, Pitchbook & Tracxn.