Singapore’s AI Funding Skyrockets, Fintech Remains Resilient Amid Global Funding Decline
KPMG Pulse of Fintech – H2′ 2023 Singapore’s AI funding soared by 77 percent to US$481.21 million in 2023 across 24 deals, signifying increasing faith in AI’s potential. Singapore’s crypto, payment, and insurtech sectors showed resilience amid market fluctuations, with investors evolving their strategies. Global fintech funding halved from US$196.6 billion (7,515 deals) in 2022 to US$113.7 billion (4,547 deals) in 2023, paralleled by a 68 percent […]