Singapore’s fintech investment in H1 is highest in two years: KPMG

Payments, crypto, AI & ML amassed the majority of the deal values.

Singapore’s fintech sector attracted the highest amount of investments since early 2023, with investors enticed by payments, cryptocurrency, and tech.

Singapore’s financial technology (fintech) sector attracted close to US$1.04b in investments across 90 deals during the first six months of 2025— the highest since the first half of 2023, according to data from KPMG.

Compared to H1 2024, deal values rose by about 87% year-on-year, and 28% compared to deal value in H2 2024, according to KPMG’s Pulse of Fintech H1’2025 report.

Payments, cryptocurrency, and artificial intelligence (AI) and machine learning verticals accounted for the lion’s share of deals.

Payments came on top, with Singaporean payment fintechs amassing US$474.66m in investments, KPMG found.

Cryptocurrency followed with US$254.1m in investments; then AI & ML deals, with $234.5m in investments.

InsurTech and RegTech clinched $147m and $39.8m of investments, respectively.

Deals in the payment vertical were spread equally across early and late-stage deals,
while cryptocurrency and AI and machine learning verticals largely saw early-stage deals, KPMG noted.

Globally, fintech investments totalled US$44.7b across 2,216 deals in H1 2025. This is lower than the $54.2b in investments poured into the sector across 2,376 deals in H2 2024.