COTD: Singapore’s fintech investment plunges to lowest level since 2020

Total investment was only at $1.7b.

Singapore’s fintech investment dropped to $1.7b (US$1.3b) in 2024, marking its lowest level since 2020, according to KPMG.

The decline signals a market adjustment driven by investor caution, it added.

Still, the second half of the year showed recovery, as Singapore’s fintech deal value surged 41% to $1b (US$781m).

“This underscores a growing emphasis on later-stage deals with high scalability and near-term profitability. Early-stage VC interest remains strong as quality-driven investments gain traction,” KPMG said.

Crypto and blockchain investment rose 22% YoY in the second half of 2024 (H2 2024), reaching $358m (US$267m), driven by artificial intelligence-powered digital asset solutions and blockchain-based financial infrastructure.

AI-powered fintech also made significant gains, with investment soaring nearly $214m (US$160m) in H2 2024, with investors interested in regulatory technology, business automation and agentic AI solutions.

Singapore’s payments sectors ranked third amongst fintech verticals, showcasing resilience despite operating in a mature ecosystem, with nine transactions totalling $76.9m (US$57.4m).

($1=US$0.74)

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia