Fintech is increasingly seen as an attractive sector for attracting listings to the SGX. The city-state is now a regional fintech hub, home to digital banks such as Trust Bank, GXS and MariBank, as well as payments companies and fast-scaling venture-backed start-ups over the past decade.
At the midpoint of their five-year runway since launching in the early 2020s, Singapore digital banks are showing the first real signs of profitability, just as a new Singapore Exchange (SGX)-backed initiative seeks to shine a light on the private companies behind them.
Investment in Singapore’s fintech sector is picking up after a two-year slump, a sign of renewed confidence in one of Asia’s leading financial centres. Local fintech firms attracted about US$1.04 billion ($1.33 billion) across 90 deals in the first half of 2025 — the highest level since 2023 — marking an 87% jump from a year earlier, according to KPMG’s Pulse of Fintech H1’25 report. The rebound came even as global fintech investment fell to its weakest half-year since 2020.
