Fintech funding crashes by 58% in 2020

Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No The decline is the lowest in four years. Fintech fundings in Singapore fell by 58% YoY in 2020 due to lack of deals worth over $50m, according to a study by FinTech Global. The drop in investments began at the start of the pandemic when lockdowns were enforced to contain the spread of the virus. The higher number of deals in 2020 did not offset the decline. From more than $2.13b in 2019, fintech companies only raised $884.2m last year. read more