Singapore captures bulk of reduced fintech funding

The Merlion statue in Singapore, on Tuesday, May 14, 2024. Photographer: Lauryn Ishak/Bloomberg

SINGAPORE: Funding into financial technology (fintech) startups in South-east Asia has continued its decline since peaking in the second half of 2021, according to a report by data platform Tracxn.

Fintech funding fell 25% to US$899mil in the first half of 2024 from US$1.2bil in the first half of 2023.