KPMG attributed the surge to Singapore’s measures to boost the capital market, including the spac listing framework introduced to position the country as a “choice location” for fast-growing companies and unicorns to go public in.
Investments in Singapore’s fintech industry hit a five-year high in 2021 with 191 deals valued at US$3.94 billion, according to KPMG’s Pulse Fintech H2’21 report.
This is a 59% surge compared to the transaction value recorded in 2020 at US$2.48 billion across 139 venture capital, private equity and mergers and acquisitions deals.
