Chart of the Day: Singapore’s top 10 fintech deals raised $259m in H1

This makes up 73.8% of all investments in the country during the period.
This chart from Fintech Global shows the top 10 fintech deals in Singapore for the first half-year of 2020. All in all, the top 10 pooled together an aggregate $259m, comprising 73.8% of overall investments in the country during the period.
Elara Technologies, a tech-powered real estate advisory company, raised the largest deal of the period after closing a $70m venture round led by NewsCorp and REA group. With the new funds, Elara Technologies has raised $175m to date.
Out of the top ten deals, two were completed by Singapore-headquartered Funding Societies, an online platform for SMEs to acquire loans, which raised $70m in Series C funding rounds. Both deals were completed in Q2, bringing the company’s total funding to $112.5m.
The pandemic has dealt a significant blow to the sector, where from H1 2019 to H1 2020, the total funding from the top ten deals plunged 83.7%. In H1 2019, a majority of funding stemmed from a $1.4bn deal from Sea Limited in a post-IPO. Singapore was hit heavily in Q1 2020, with a small recovery in Q2.
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