Despite the retrenchment by normal financial institutions such as banks, 94% of fintech companies in the Lion City are eyeing workforce expansion in the next 12 months, with 28% expected to double their numbers in the next three years. Notable Singaporean fintech firms include digital insurer Singapore Life, remittance company InstaRam, and p2p lender Validus.
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Singapore fintechs continue hiring despite economic slowdown
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“Survey respondents were very optimistic about the outlook for the fintech industry in Singapore, with over 75% stating they believed industry growth would accelerate with more opportunities available,” SFA and PwC said.
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