Fintech Leaders in Singapore
Fintech is burgeoning at an unimaginable pace making it one of the hottest industries. The UK, USA, China, and Singapore are world leaders in the fintech industry owing to their resourcefulness and the consummate fintech environment they capacitate.
Of all world leaders, Singapore remains one of the most enthralling fintech leaders because of its size, freshness, and limitless potential. The country boasts more than 1400 fintech organizations, making it the highest among all Southeast Asian countries.
Several factors have contributed to the immense growth of Singapore’s fintech landscape, such as:
Talent Pool
Singapore is one of the fintech hubs because of its endless talent pool that perpetually increases the benchmark for standards and success. The country’s population is home to numberless individuals who are limitlessly talented. When such people get the right environment and opportunities, it leaves little room for failure.
Flowing Investments
Singapore’s fintech space has taken such an enormous shape because of the incoming investments from across the world. The country focused on inviting investors and strategically ensuring returns by playing the ideal host.
Educated Population
The Singaporean population is well-educated, implying that its reception to technology is far greater than average. Because of the highly-educated population, it is easier for the country to introduce novel technologies and intuitive systems, which would otherwise create obstacles in a population that lacks knowledge and education.
Flair for Technology
The country has had a strong connection with technology, making it one of the most receptible countries to technological advancements. Having been in the technological battleground for many years, Singapore has become one of the world leaders in technology.
Government Support
Apart from the talented population and technological backing, the country’s government has played a major role in the success of fintech. The Singaporean government has ensured that the country’s resources are utilized systematically by building a nation that excels in technology.
Singapore has made its position as a leader in technology because of several factors that render it an ideal environment. Being one of the biggest fintech hubs the country houses numerous fintech organizations that are leaders and innovators.
9 Fintech Leaders in Singapore
Because of a highly talented and technologically equipped environment in Singapore, its shores are brimming with successful fintech organizations paving the way for futuristic growth. The nine biggest fintech firms in Singapore are:
Advance Intelligence Group
The leading fintech in Singapore, Advance Intelligence Group, is primarily a financial management conglomerate that parents several fintechs, each branching into a different stream of financial digitization. Atome is a leading BNPL (Buy Now, Pay Later) firm that is a part of the Advance group. ADVANCE.AI is another big player in the Southeast Asian fintech market that provides data management, fraud prevention, and other services using artificial intelligence and big data, which form its core business.
Aspire
Aspire is a multilayered fintech firm that provides fintech services to other enterprises like payment portals, cards, financial management, etc. Aspire targets startups to equip them with technological backing and financial tools to help them take bigger leaps in their business journeys.
MatchMove Pay Pte. Ltd.
One of the biggest fintech players, MatchMove Pay, is an amalgamation of banking-as-a-service and fintech-as-a-service. Matchmove provides Spend, Send, and Lend services, in which it also issues virtual and physical prepaid cards for making P2P (peer-to-peer), P2M (person-to-merchant) payments and transfers, and a lot more.
M-DAQ
M-Daq has successfully disrupted the trading systems by providing a platform for trading and stock exchange, where any exchange-traded product can be priced and traded across national borders.
Nium
Nium is a global platform that enables easy money movement to aid companies and banks with improved cash flows. Nium is primarily a fintech provider that supplements businesses to move their cash flows from any corner of the world, enabling them to create their digital presence anywhere.
Silent Eight
A key player in the fintech compliance sector, Silent Eight, provides comprehensive and customized compliance frameworks for financial institutions. Compliance plays an essential role in the fintech industry, and Silent Eight is one of the key players providing customized compliance models to financial institutions.
Singlife
Singlife or Singapore Life is a digital life insurance provider which provides all services related to insurance policies, like purchases, reports, etc. It is one of the most reliable and biggest insurance providers in Singapore.
Thunes
Thunes is a cross-border payment services provider that powers businesses to send and receive payments. The services provided by Thune target gig-economy firms such as Uber. Thunes provides a cross-border B2B payment platform.
2C2P
A global payment services provider, 2C2P, powers businesses to receive payments from different channels. It offers an extensive payment network for businesses to receive their payments securely.
Several other companies are rapidly gaining momentum in the fintech space, like Validus Capital, FOMO, Hodlnaut, Fastacash Pte Ltd, Smart Karma, KingSwap, Credolab, Hatcher+, Bambu, PolicyPal, YouTrip, and countless others.
The Bottom Line
The Singaporean fintech landscape is brimming with endless talent, financial aid, and opportunities. Singapore is a world leader in the fintech space that has immensely contributed to the dynamic topography of fintech. Technological advancements and adaptations are relentlessly taking place globally, suggesting a bright futuristic growth trajectory.
