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Laxman Pai, Opalesque Asia: The fintech investment in the Asia-Pacific region reached US$27.5 billion in 2021 across a record 1,165 deals, said a study.
While total investment fell well shy of 2019's peak, it was almost twice the US$14.7 billion seen in 2020, according to the report 'Pulse of Fintech H2'21' by KPMG.
The Asia-Pacific fintech investment market remains vibrant amid the regulatory activities in China. In 2021, China continued to step up regulations in the fintech space, most notably through banning cryptocurrency transactions, bitcoin mining, and the facilitation of cryptocurrency trading.
While the uptick in regulatory activity in China led some fintech investors to pull back from China, it also raised the profile of other fintech hubs in the region - including India and Singapore.
Among the top 10 deals in the region this year, China's MediTrust Health ranked 9th with US$308 million raised, while deals in Japan, South Korea, India, and Singapore accounted for the others.
According to KPMG, during 2021, interest in embedded finance propositions grew in the Asia-Pacific region, particularly Southeast Asia where banks are increasingly looking for assistance to improve their embedded finance, digital wallet, and supply chain finance capabilities. Interest in BaaS solutions was also on the rise during the year with numerous banks and startups across the region focused on the issue, whether as service providers, partners, ...................... To view our full article Click here
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