Singapore’s fintech investment tops $3.94B in 2021 as interest in crypto and blockchain surges, says KPMG

Singapore’s fintech industry hit a five-year high at 191 deals transacted in 2021, a 37 percent increase compared to 2020’s deal count (139 deals) and a 91 percent increase from 2019’s figures (100 deals), said a KPMG report on Tuesday.Total transaction value in Singapore also surged by 59 percent year-on-year at $3.94 billion, across venture capital (VC), private equity (PE) and merger and acquisition (M&A) deals in 2021, up from $2.48 billion in 2020,