Singapore fintech
Singapore is a licensed, well-funded fintech hub: fintech venture deal value exceeded SGD 2.1 billion in 2025 (Enterprise Singapore), and Major Payment Institution licences grew from 149 in 2021 to 240 in 2026 (SingStat). 97.97% of adults hold an account (World Bank, 2024).
20 verified facts tracked for this market — each with its source, reporting period and evidence tier. Tier 1 = primary institutions (central banks, statistical offices); tier 2 = disclosed industry panels.
| Metric | Value | Geo | Period | Tier | Source |
|---|---|---|---|---|---|
| FinTech companies in Singapore funds raised in first quarter | 650SGD million | SG | Q1 2021 | T1 | bis.org |
| Total registered enterprises in Singapore, of which SMEs | 371thousand enterprises | SG | 2025 | T1 | tablebuilder.singstat.gov.sg |
| Fintech venture deal value, Singapore-based firms (reported as over) | 2.1SGD billion | SG | 2025 | T1 | enterprisesg.gov.sg |
| Gross National Income per capita, PPP, by country, World Bank | 135750current international $ | SG | 2025 | T1 | data.worldbank.org |
| Account ownership at a financial institution or mobile-money provider, Singapore, World Bank Findex | 97.97percent of population ages 15+ | SG | 2024 | T1 | data.worldbank.org |
| New businesses registered, Singapore, World Bank | 52248count | SG | 2024 | T1 | data.worldbank.org |
| Share of household expenditure paid via e-payment methods, Singapore | 60.4percent of average monthly household exp | SG | 2023 (up from 39.3% in 2017/18) | T1 | singstat.gov.sg |
| Share of household expenditure via e-payment by income quintile, Singapore | 51.8-65.6percent of average monthly household exp | SG | 2023 | T1 | singstat.gov.sg |
| Number of licensed payment services providers, Singapore | 414 (2021) -> 486 (2026)count of licensed entities | SG | 2021-2026 | T1 | tablebuilder.singstat.gov.sg |
| Number of Major Payment Institution licences granted, Singapore | 149 (2021) -> 240 (2026)count of licensed entities | SG | 2021-2026 | T1 | tablebuilder.singstat.gov.sg |
| Digital payment adoption by country, World Bank Global Findex (made or received a digital payment, % age 15+) | 94.8% of population age 15+ | SG | 2021 | T1 | data.worldbank.org |
| Adults who made or received a digital payment, Singapore, World Bank Global Findex | 94.838043412618percent of adults age 15+ | SG | 2021 | T1 | data.worldbank.org |
| Cheque share of combined FAST/GIRO/cheque transaction volume, Singapore | 32 (2016) -> 4 (2022)% share of FAST+GIRO+cheque transaction | SG | 2016-2022 | T1 | mas.gov.sg |
| Adults unable to come up with emergency funds within 30 days, by SEA country, World Bank Global Findex 2024 | 0% of population age 15+ reporting it is | SG | T1 | data.worldbank.org | |
| Median Series A round size, Singapore startup ecosystem | 6.9USD million | SG | H2 2023-2025 | T2 | startupgenome.com |
| Median seed round size, Singapore startup ecosystem | 1USD million | SG | H2 2023-2025 | T2 | startupgenome.com |
| Share of digital financial services in Singapore private funding value | 34percent | SG | H1 2025 | T2 | bain.com |
| Year-on-year growth of Singapore digital lending loan book | 12percent | SG | 2025 | T2 | bain.com |
| Median Series B pre-money valuation, Singapore tech startups | 37USD million | SG | 2024 | T3 | svca.org.sg |
| Average monthly household expenditure on insurance and financial services, Singapore | 590SGD/month per household | SG | 2023 | T1 | tablebuilder.singstat.gov.sg |
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