Singapore fintech investment moderates in H1 2026 as capital concentrates in fewer, larger deals: Pulse of Fintech H1 2026

Singapore's fintech sector drew over US$499 million in investment across 53 deals in the first half of 2026, according to KPMG's Pulse of Fintech H1'2026 report. This marks a drop from the roughly US$1.45 billion across 97 deals recorded in H1 2025. It also represents the most subdued first half the country saw in about close to a decade.

The moderation was uneven across the half. After a notably quiet first quarter of about US$88 million across 26 deals, activity rebounded to some US$411 million across 27 deals in the second quarter. That recovery rested almost entirely on a single US$320 million round for a cross-border payments platform in June, which alone accounted for close to two-thirds of Singapore's total fintech investment for the half.

Anton Ruddenklau, Partner, Head of Financial Services, KPMG in Singapore said: 

“The headline number tells only part of the story. What we are seeing in Singapore mirrors the global market investors are being far more selective, consolidating capital behind a small number of scaled, high-conviction platforms rather than funding behaviour we saw in prior years. A single deal carrying most of the half is a signal of that concentration. However, the fundamentals that make Singapore a strategic hub for fintech — a trusted regulatory environment, deep cross-border connectivity, and strength in payments and digital assets — remain intact, and these remain the stronghold areas where capital is still flowing."

Read the full press release here: KPMG Pulse of Fintech H1 2026