Singapore banks record $229.1M in fintech funds

zdnet.com 13 Feb '18, 10am

Singapore banks record $229.1M in fintech funds - ZDNet

Singapore banked a record high of US$229.1 million in fintech funding last years, fuelled by two major deals in the fourth quarter and the government's goal to establish the country as a fintech hub. Two of the top 10 deals in Asia were inked in Singapore in fourth-quarter 2017, where GoSwiff snagged a US$100 million buyout by Paynear Solutions and Smartkarma raised US$13.5 million in its Series B round. Cashless cannot be the face for Singapore smart nation success Increased emphasis on building a cashless society to reflect country's success as a smart nation is misplaced, when the importance of getting the fundamentals right is overlooked. Read More Monetary Authority of Singapore (MAS) also continued to drive fintech activities in a bid to demonstrate the country's value as an Asian fintech hub, according to KPMG's Pulse of Fintech report. In particular, the Singapore ...

Full article: http://www.zdnet.com/article/singapore-banks-record-229-1...

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@DeltaGammaAlpha » 11 Mar '18, 9pm
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@RegTech_FinTech » 20 Feb '18, 11am
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@Nadim_Samna » 20 Feb '18, 6am
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@MetiaFintech » 19 Feb '18, 2pm
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Singapore banks record $229.1M in fintech funds [link] by @eileenscyu