The available funding was announced during the Singapore FinTech Festival, part of a four month initiative that seeks to pair FinTech startups with local and global investors.
Most of the investors came from Singapore (59%), followed by China (9%) and Indonesia (6%). Most of the Fintech start-ups came from Singapore (36%), followed by India (17%) and US (8%). From the pool of participating investors, the key areas of interest were on data analytics (70%), Blockchain (65%), lending applications (64%), payment solutions (61%) and regulatory technology (Regtech) (56%). The top solutions offered by participating Fintech start-ups largely aligned with investors’ interests as they are similarly in the areas of payments (20%), lending (14%) and Regtech (10%), with added product focuses on Robo-advisory (14%), and trading and fund management (12%). Each Fintech start-up typically offered more than one solution or product focus, with the majority of them (80%) requiring funding of less than US$5 million.