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FinTech companies in the country raised $479m in the first quarter of the year across 39 deals
Lack of deals over $50m resulted in a 58.6% decline in funding last year
Latin American ventures, Iron Man-backed enterprises and buy now pay later startups among the big winners of the 29 FinTech funding rounds reported on last week.
Dutch-based crowdfunding platform Lendahand has deployed €5m into Singapore-based Funding Societies to invest in underserved SMEs.
As the year draws to a close, most people will be happy to see the back of it. However, these 29 FinTechs managed to end 2020 on a high by raising funding last week.
Southeast Asia SME lending platform Funding Societies has received an investment from Samsung Venture Investment Corporation.
The AMTD Singapore Solidarity Fund has completed the first five FinTech investments of its new S$50m ($36.7m) fund.
FinTech companies in the country recorded only a single deal over $50m so far this year compared to six in 2019.
The FinTech funding rounds over the past week show that the coronavirus continues to affect the sector and also provide an opportunity to look closer at India's industry.
Singaporean P2P lending platform Funding Societies has allegedly secured $40m in its Series C, despite the coronavirus forcing it to downsize.
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