With the global fintech market set to reach US$310 billion by the end of 2022, Fluro analysed a seedlist of the top 50 financial cities, looking at the number of fintech companies, total funding amount, number of investors, as well as the number of fintech events and the number of unicorns in each city.
Singapore has been named among the top five cities leading the fintech industry globally after ranking fourth in UK-based embedded-lending platform Fluro’s recent study. It has over US$32 billion ($44 billion) in funding from 1,730 investors and 612 fintech companies based in the country, making Singapore the top fintech location in Asia, followed by Hong Kong and Mumbai.
San Francisco — the world’s fintech capital with over US$232 billion of funding and 4,326 investors — led the ranking, with London — home to the most significant number of fintech companies at 1,866, 25 of which are unicorns — placing second. On either side of Singapore in the global rankings were New York and Stockholm, which came in third and fifth respectively.
