In 2016, investment in fintech companies in Asia hit $8.6B across 181 deals.
Total fintech investment in Asia
2010-2016
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2010 |
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How do the different countries contribute to the regional investment? We found some analyst from KPMG's report:
China |
A significant number of high-profile mega-rounds occurred;
The $4.5 billion funding round by Ant Financial accounted for more than half of the total fintech funding raised in Asia during 2016. |
Singapore |
Continues to evolve into prominent fintech hub;
Government works to foster a fintech ecosystem last year, by the development of a regulatory sandbox, the introduction of a fund to encourage corporates to collaborate with fintechs etc. |
India |
Potential high despite significant decreases in fintech investment;
Q4’16 demonetization efforts resulted in an increase in transactions for both payments companies and mobile wallet providers. |
Asian Regulatory Partnerships |
Monetary Authority of Singapore (MAS) and Australian Securities and Investments Commission (ASIC) signed a fintech innovation cooperation agreement in Q2’16; Korea and Britain announced a fintech bridge in Q3’16; Besides, a number of Asia-based jurisdictions moved forward with regulatory sandbox initiatives in 2016, including Australia, Singapore, Malaysia, Thailand. |
FinTech APAC Connect 2017 , which will be held on September 20-21 in Singapore, has gotten the support from national associations from main APAC countries to reveal fintech markets in those countries:
STRATEGIC PARTNERS |
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Singapore Fintech Association |
FinTech HK |
SuperCharger |
Digital Lenders Association of India |
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