Singapore hits record US$229m of fintech funding in 2017: KPMG

BUOYED by a record US$122.75 million of funding in the fourth quarter, Singapore achieved a record high of US$229.1 million of fintech funding in 2017, according to KPMG's Pulse of Fintech report. The high in fintech funding was mainly attributed to two of Asia's 10 biggest deals - with a combined value of over US$130 million - taking place in Singapore in the fourth quarter.