Media OutReach
AI and Blockchain Innovations Propel Singapore’s Fintech Evolution Amid Investment Recalibration: KPMG’s Pulse of Fintech H2’24
- Singapore’s fintech investment recalibrated to US$1.3 billion in 2024, in line with global shifts toward sustainable growth.
- Crypto and blockchain investment increased 22 percent in H2’24 to US$267 million, driven by AI-integrated solutions.
- AI-powered fintech surged, with investment jumping from US$24 million in H1’24 to US$160 million in H2’24, reflecting demand for regtech and automation.
- H2’24 fintech deal value grew 41 percent, reflecting a shift toward high-value, early-stage investments.
SINGAPORE – Media OutReach Newswire – 27 February 2025 – Singapore’s fintech sector recalibrated in 2024, with investment totaling US$1.3 billion, the lowest level since 2020. This strategic pivot reflects a global trend as fintech investment reached a seven-year low of US$95.6 billion. Despite reduced funding levels, Singapore’s focus on innovation and sustainability positions it as a leader in AI-driven solutions and blockchain advancements, according to KPMG’s Pulse of Fintech H2’24 report.
Singapore’s Resilience in Fintech Innovation
While the cautious investment environment slowed overall funding, Singapore remains a hub for fintech innovation. Crypto and blockchain investment rose 22 percent in H2’24, reaching US$267 million, fuelled by AI-powered digital asset solutions and blockchain-based financial infrastructure. Strong regulatory frameworks and institutional interest have solidified Singapore’s role as a strategic leader in these emerging sectors.
AI-powered fintech also made significant gains, with investment soaring from US$24 million in H1’24 to nearly US$160 million in H2’24. Investor interest was particularly strong for regtech, business automation and agentic AI solutions.
“If what we’ve seen in the broader investment space is any indication, AI could be a sleeping giant for fintech investment,” said Anton Ruddenklau, Lead of Global Innovation and Fintech, Financial Services, KPMG International. “However, right now, it’s still very early days. There’s definitely a lot of interest in AI, generative AI, agentic AI and automation, but there’s a lot of caution too. Over the next year, AI-focused regtechs will likely see the most traction among investors as financial services companies look for better ways to respond to the increasingly complex regulatory environment.
Shifting Dynamics in Investment Focus
H2’24 saw the total value of Singapore’s fintech deals rise 41 percent, hitting US$781 million, even as deal volume dropped 36 percent. This underscores a growing emphasis on later-stage deals with high scalability and near-term profitability. Early-stage VC interest remains strong as quality-driven investments gain traction.
Globally, fintech investment also trended towards practical solutions, with funding focused on blockchain infrastructure, climate tech and compliance-driven technologies. This alignment with global priorities underscores Singapore’s adaptability and competitive edge.
The Role of Regulatory Clarity in Blockchain Growth
The blockchain and crypto space in Singapore benefitted significantly from regulatory stability, with H2’24 blockchain investment rising by over 20 percent to reach US$267 million. This growth was spurred by AI-powered blockchain applications, blockchain-as-a-service platforms and notable funding rounds such as Partior’s US$80 million raise for its blockchain-based interbank settlement network—the largest in the Asia-Pacific region.
These advancements position Singapore for continued leadership in the digital assets space while aligning with international regulatory trends.
Global investment in digital assets reached US$9.1 billion in 2024—the highest total ever outside of the outlier years of 2022 and 2023, focusing on market infrastructure, tokenisation, and stablecoins. During H2’24, four of the five largest deals occurred in the Americas, including Stripe’s US$1.1 billion acquisition of stablecoin infrastructure company Bridge, a US$525 million raise by Praxis, and a US$200 million raise by Current—all based in the US—and a US$210 million raise by Canada-based Blockstream. A US$100 million raise by UK-based Crytocoin accounted for the largest deal in the EMEA region.
Payments sector in Singapore faces maturity challenges
Singapore’s payments sector, ranked third among fintech verticals, showcased resilience despite operating in a mature ecosystem. H2’24 witnessed a rise in deal count, with nine transactions totalling US$57.4 million. Innovations like FAST, PayNow, and SGQR provide a robust foundation for the sector, enabling further growth in tailored and scalable payment solutions. Opportunity in this fintech segment lies in cross-border and regional expansion, positioning Singapore as a hub for Asia’s payment growth.
On the global stage, the payments sector demonstrated strong momentum in 2024, with funding nearly doubling year-on-year to reach US$31 billion. While this funding surge was heavily influenced by consolidation and strategic transactions, it highlighted the sector’s critical role in the fintech ecosystem. Landmark deals included GRCR’s US$12.5 billion acquisition of Worldpay and Advent International’s US$6.3 billion privatisation of Nuvei, alongside other notable activities such as Mynt’s US$788 million VC raise in the Philippines.
A Forward-Looking Market Outlook
Amid a recalibrating investment landscape, Singapore’s focus on sustainable growth, innovation, and emerging technologies positions the country at the forefront of fintech evolution. With declining interest rates and easing global election uncertainties, 2025 offers opportunities for increased fintech deal activity and new momentum in AI, blockchain, and digital payments. The Singapore Budget 2025 further accelerates this momentum, introducing initiatives to help businesses access and integrate AI at scale and to attract entrepreneurial talent to establish and grow ventures in Singapore.
| H2 2024 | H1 2024 | |||
| Fintech verticals | Total value
US$ (million) |
No of deals | Total value
US$ (million) |
No of deals |
| Reg Tech | $1.5 | 4 | $2.2 | 4 |
| Insur Tech | $100.0 | 2 | $41.5 | 2 |
| Cybersecurity | $3.0 | 1 | $3.0 | 1 |
| Payments | $57.4 | 9 | $66.2 | 6 |
| Digital assets and currencies (crypto/blockchain) | $267.0 | 53 | $219.1 | 82 |
| AI & ML
*these deals are also tagged with other fintech verticals |
$159.9 | 12 | $24.1 | 15 |
Figure 1: Singapore’s fintech verticals deal values and volume for H1 2024 and H2 2024
| Singapore | Global | |||
| Fintech verticals | Ranking | Deal Size | Ranking | Deal Size |
| US$ (million) | US$ (billion) | |||
| Digital assets and currencies (crypto/blockchain) | #1 | $486.09 | #2 | $9.10 |
| Insurtech | #2 | $141.50 | #4 | $3.10 |
| Payments | #3 | $123.60 | #1 | $31.00 |
| Cybersecurity | #4 | $6.00 | #5 | $0.90 |
| Regtech | #5 | $3.71 | #3 | $7.40 |
| Wealthtech | #6 | 0 | #6 | $0.40 |
Figure 2: Ranking of top Singapore and Global’s fintech verticals in deal values for 2024
Global fintech investment
Regionally, the Americas attracted the largest share of fintech investment in 2024—US$63.8 billion across 2,267 deals, including US$50.7 billion across 1,836 deals in the US. The EMEA region attracted US$20.3 billion across 1,465 deals, while the ASPAC region saw US$11.4 billion across 896 deals. At a sector level, the payments space attracted the largest share of investment (US$31 billion), followed by digital assets and currencies (US$9.1 billion), and regtech (US$7.4 billion).
“It’s been a rough year for nearly everyone—fintechs, corporates, VC and PE firms—given the breadth of challenges and uncertainties in the global market. With only a handful of exceptions, no one wanted to pull the trigger on the largest deals—which have long been a mainstay in fintech investment,” said Karim Haji, Global Head of Financial Services, KPMG International. “But there’s a lot to be positive about heading into 2025. Many critical elections are behind us and investment and deal activity is beginning to pick up. We are starting to see more deals coming through because of interest rate cuts in different jurisdictions and the lower cost of funding. However, we will have to wait and see if the changing world trading conditions impact inflation, interest rates and consequently these positive signs of market change.”
Global Key Highlights for 2024
- Global fintech investment fell from US$119.8 billion across 5,382 deals in 2023 to US$95.6 billion across 4,639 deals in 2024.
- The Americas attracted US$63.8 billion in fintech investment across 2,267 deals in 2024, of which the US accounted for US$50.7 billion across 1,836 deals; the EMEA region attracted US$20.3 billion across 1,4645 deals, while the ASPAC region attracted US$11.2 billion across 896 deals.
- Global M&A deal value fell from $60.2 billion to US$49.6 billion between 2023 and 2024; while H2’24 was softer than H1’24, M&A deal value rose from US$7.4 billion to US$14.2 billion between Q3’24 and Q4’24.
- PE investment declined significantly, falling from US$10.5 billion in 2023 to just US$2.6 billion in 2024, while VC investment saw a modest drop from US$49.2 billion in 2023 to US$43.4 billion in 2024.
- Payments was the strongest area of fintech investment globally in 2024, with US$31 billion in investment compared to just US$17.2 billion in 2023; other sectors that saw investment rise year-over-year included digital assets and currencies —from US$8.7 billion to US$9.1 billion, regtech—from US$4.4 billion to US$7.4 billion, proptech—from US$1.9 billion to US$3 billion, and wealthtech—from US$190 million to US$400 million.
- Corporate VC-participating investment globally fell from US$26 .9 billion in 2023 to US$19.6 billion in 2024; only the EMEA region saw corporate investment in VC deals rise—from US$5.1 billion to US$5.8 billion year-over-year. The Americas saw CVC drop from US$13.8 billion to US$9.9 billion, while ASPAC saw CVC investment drop from US$8.0 billion to US$3.9 billion.
Global: Americas sees VC investment drop to six-year low despite record high in Canada
The Americas saw total fintech investment drop from US$77.6 billion in 2023 to a six-year low of US$63.8 billion in 2024. The US accounted for $50.7 billion of this funding—a decline from US$72.8 billion in 2023. Outside of the US, Canada saw a record high of US$9.5 billion in fintech investment during 2024—driven in large part by the buyout of Nuvei—while investment in Brazil softened from US$2.3 billion to US$1.4 billion. Fintech investment dropped slightly from US$32.8 billion to US$31 billion between H1’24 and H2’24. On a more positive note, investment almost doubled between Q3’24 and Q4’24, rising from US$10.8 billion to US$20.2 billion. Within the US, fintech investment dropped from US$28.8 billion to US$21.9 billion between H1’24 and H2’24, although it also rose from US$9.9 billion to US$11.9 billion between Q3’24 and Q4’24.
Global: Fintech investment in EMEA region sinks to US$20.3 billion—lowest total since 2016
Fintech investment in the EMEA region fell from $27.6 billion across 1,833 deals in 2023 to just US$20.3 billion across 1,465 deals in 2024. H2’24 also saw a significant drop compared to H1’24—from US$13 billion across 820 deals to just US$7.3 billion across 645 deals. While the UK accounted for nearly half of all fintech investment in the EMEA region during 2024 (US$9.9 billion), the total was a significant decline compared to 2023 (US$13.6 billion). Germany also saw fintech investment drop between 2024 and 2025—from US$961 million to a ten-year low of US$815 million. The Middle East saw the most positive results in EMEA during 2024, with fintech investment rising from US$1.2 billion to US$2.2 billion year-over year.
Global: Asia-Pacific region sees lowest level of fintech investment in a decade
Total fintech investment in the ASPAC region fell from US$14.6 billion in 2023 to US11.4 billion in 2024—the lowest level of fintech funding seen in the region since 2014. India accounted for the largest share of this total (US$4.1 billion), led by a US$.5 billion raise by WSB Real estate partners in H1’24. Total fintech investment in China dropped from US$2.6 billion to just US$687 million between 2023 and 2024, while Australia saw fintech investment nearly double from US$840 million to US$2.1 billion; fintech investment in Japan held nearly steady year-over-year at US$660 million.
A sense of optimism for 2025
With interest rates declining in many jurisdictions and election uncertainties finally easing, there’s a cautious sense of optimism within the fintech market heading into 2025. The average time between deals has also lengthened significantly, from approximately fifteen months in 2022 to twenty-four months in 2025—the longest it has been in the last decade—which could make 2025 a critical year for deal-making as fintechs look to ensure their continued operations.
While the payments space will likely remain the biggest ticket of investment globally, digital assets and currencies are well positioned for an upswing in investment—particularly when it comes to market infrastructure, digital tokenisation, and stablecoins. AI is also expected to remain a key priority for investors, with regtech and cybersecurity-related solutions likely to see the most interest in H1’25.
Hashtag: #KPMG’
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About KPMG International
KPMG is a global organization of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organization or to one or more member firms collectively.
KPMG firms operate in 143 countries and territories with more than 273,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities.
KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.
Media OutReach
Media OutReach Newswire Expands ASEAN Press Release Distribution Network with the Addition of Timor-Leste
Providing press release distribution to media in ASEAN’s newest member state
SINGAPORE – Media OutReach Newswire – 15 December 2025 – Media OutReach Newswire, Asia Pacific’s first global newswire, has expanded its press release distribution network in the Association of Southeast Asian Nations (ASEAN), affirming its position as the leading global newswire for ASEAN, Southeast Asia, and the wider Asia Pacific region.
After a two-decade accession process, Timor-Leste officially became the 11th member state of the Association of Southeast Asian Nations on 26 October 2025, during the 47th ASEAN Summit, held in Kuala Lumpur, Malaysia.
The expansion of press release distribution to the new ASEAN member state cements Media OutReach Newswire as the global newswire having local presence, knowledge, and expertise across Asia Pacific. This enables the newswire to build and expand its distribution network in response to any new developments in this dynamic region.
Media OutReach Newswire’s Timor-Leste press release distribution network includes all media in the country, including the nation’s top media outlets, such as Suara Timor Lorosa’e (STL), Timor Post, the Jornal Independente, and Tempo Timor to name a few.
Jennifer Kok, Founder & CEO of Media OutReach Newswire, said: “As a global newswire founded in APAC, we have expert knowledge of the media and needs of PR professionals here, and can respond to any changes in the region. When the news broke, our Media Research Team immediately sprang to work on building the press release distribution network in Timor-Leste. As the only global newswire founded and headquartered in APAC, Media OutReach Newswire is the expert on ASEAN, Southeast Asia, and Asia Pacific, catering to PR professionals in the region, with a comprehensive, targeted, and up-to-date press release distribution network. This is combined with a global network covering North America, Europe, South and Latin America, the Middle East and Africa. Our network of real journalists and guaranteed online news postings on authentic media power SEO, GEO, and AI citation – AI models have been proven to trust and cite press releases on real news sites, and we are committed to our clients’ press releases being published on real news media.”
Media OutReach Newswire’s total communications solutions provide PR professionals direct access to real journalists, allowing them to secure earned write-ups and build media relations. Guaranteed and verbatim news postings on real and authoritative news sites – across Asia Pacific, North America, South and Latin America, Europe, Middle East and Africa – power SEO and GEO, surfacing brands in AI search results citations. The pioneering reporting, with ready-to-use multi-format auto-reports with data insights and PR campaign intelligence, allow PR professionals to demonstrate campaign performance and ROI to stakeholders.
Jennifer added, “At Media OutReach Newswire we have worked steadfastly for over 16 years to build an unparalleled global network of real journalists and editors at trusted media, and KOLs. I am pleased to see Timor-Leste join the ASEAN community, and for us to be able to connect corporations and organisations with the country’s media and people.”
The addition of press release distribution in Timor-Leste is testament to Media OutReach Newswire offering the most comprehensive press release distribution service across ASEAN and Asia Pacific, with the total communications solutions that PR professionals need. It further solidifies the company’s position as Asia Pacific’s global newswire – trusted by the journalists and the media – empowering brands, agencies and PR professionals in the age of AI.
Hashtag: #MediaOutReachNewswire #pressrelease
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About Media OutReach Newswire
Media OutReach Newswire is Asia Pacific’s first global newswire, serving as a trusted partner to the media, PR and communications professionals, corporations, and government bureaus, across the region and the globe.
Founded in 2009 as a champion of the PR industry, Media OutReach Newswire leverages next-generation technology to redefine press release distribution and reporting, with data insights and PR campaign intelligence, providing total communications solutions for PR professionals.
With a global network of 200,000 editors and journalists, 70,000+ media titles, from 1,500 media partners in more than 40 languages, Media OutReach Newswire is the only newswire offering guaranteed verbatim postings on real news sites. Press releases on authentic media are trusted by AI models, powering SEO, GEO, and AI search results citations.
Headquartered in Hong Kong, with offices across China, Singapore, Japan, Malaysia, Thailand, Vietnam, and Taiwan, the global press release distribution network spans Asia Pacific and Southeast Asia, the US, Canada, South and Latin America, Europe, the Middle East, and Africa.
For more information about our services, solutions and network, please visit www.media-outreach.com
Media OutReach
Nano Singapore Expands Premium Supplement Range in Malaysia to Meet Growing Demand for Science-Backed Wellness
The five formulations introduced include Tongkat Ali Plus, Probiotics 40 Billion CFU with Prebiotic, Magnesium Glycinate 834mg, Turmeric Curcuma Complex with 95% Curcuminoids, and Milk Thistle Complex, which reflect the brand’s multi-ingredient approach to supplementation. Each product is manufactured in GMP-certified, FDA-registered facilities.
Five Flagship Formulations
- Tongkat Ali Plus – A multi-herbal vitality formula combining Tongkat Ali with Maca, Ginseng, and 17 synergistic botanicals, offering a more complete men’s wellness solution compared to single-ingredient alternatives.
- Probiotics 40 Billion CFU with Prebiotic – A high-potency gut health probiotics formula featuring four clinically researched strains (L. Acidophilus, B. Lactis, L. Plantarum, L. Paracasei) paired with prebiotic fibre to support digestion, gut balance, and long-term immunity.
- Magnesium Glycinate 834mg – A gentle, high-absorption form of magnesium that supports muscle relaxation, stress reduction, and sleep quality, with superior bioavailability and reduced gastrointestinal discomfort compared to oxide or citrate forms.
- Turmeric Curcuma Complex with 95% Curcuminoids – A high-strength antioxidant formula with 95% standardised curcuminoid content significantly higher than common turmeric powders, designed to support joint comfort, mobility, and inflammation response.
- Milk Thistle Complex – A comprehensive liver support supplement combining Milk Thistle with Dandelion, Artichoke, Black Pepper, and Turmeric for broader detoxification and antioxidant protection.
“Consumers today are more informed about what goes into their supplements. They’re looking for products with transparent formulations, credible sourcing, and measurable benefits,” said Joel Fu, General Manager of Nano Singapore. “Our formulations are designed to address real wellness needs like energy, gut balance, and recovery by using ingredients supported by scientific research.”
The expansion strengthens Nano Singapore’s presence in Malaysia, where the brand currently serves customers through its e-commerce platform and a growing network of local pharmacies. Strategic partnerships with Touch ‘n Go, Watsons, and other retail channels are also underway to improve accessibility nationwide.
For more information or to browse the full product range, visit the official Malaysia website at https://my.nanosingaporeshop.com/.
Hashtag: #NanoSingaporeMY
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Youtube:
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https://www.tiktok.com/@nanosingaporemy.os
The issuer is solely responsible for the content of this announcement.
Nano Singapore MY
Nano Singapore is a leading wellness brand offering premium, research-backed health supplements designed to support daily wellbeing and long-term vitality. Formulated in Singapore and manufactured in GMP-certified, FDA-registered facilities, the brand focuses on delivering high-quality products across key categories, including gut health probiotics, multivitamins, beauty supplements, men’s health, liver support supplements, and herbal wellness formulas.
Nano Singapore serves customers nationwide through a strong e-commerce presence and an expanding distribution network across local pharmacies in Malaysia. With a commitment to transparency, safety, and measurable results, Nano Singapore continues to be a trusted choice for Malaysians seeking effective and reliable wellness solutions.
Media OutReach
Five Talent Shifts Redefining Hiring in Hong Kong: PERSOL Unveils 2025 Workforce Insights
PERSOL’s latest Industry Insight Report reveals how digitalisation, sustainability and shifting worker expectations are transforming recruitment and retention across Asia Pacific.
HONG KONG SAR – Media OutReach Newswire – 15 December 2025 – PERSOL has released its Industry Insight Report 2025, revealing an urgent need for employers across Asia Pacific to adapt to a fast-changing talent landscape. With hybrid digital and ESG-related skills in short supply, the study finds that employee expectations for flexibility, purpose and growth now outweigh pay, reshaping talent attraction and retention across the region.
In Hong Kong, hiring remains selective, with steady demand for digital sales talent, bilingual professionals and frontline leaders. Employers are also facing rising wage pressure and waning youth interest in frontline roles, prompting businesses to rethink how they attract and engage talent. To fill critical service and customer-facing roles, companies are increasingly widening their talent search across the broader region to address persistent shortages.
Based on findings from 12 markets and four core sectors – Manufacturing, Consumer, Professional Services and Supply Chain – the report offers a regional view of how work and workforce priorities are evolving.
APAC’s Workforce in Flux
PERSOL’s Industry Insights Report 2025 finds that automation, sustainability regulation and demographic change are reshaping labour markets across the region.
Employers continue to face widespread skills shortages, with demand for digital, analytical and hybrid capabilities outpacing supply in most major markets. ESG awareness and compliance literacy are also becoming essential hiring criteria as organisations respond to growing sustainability expectations.
The report highlights that Generation Z and millennial professionals are reshaping what they value at work, prioritising flexibility, purpose and development opportunities over pay alone. According to the International Labour Organization (ILO), Asia and the Pacific remains the world’s fastest-growing employment region, underscoring the need for businesses to evolve workforce strategies in line with these shifting expectations.[1]
Elvin Tan, Regional Director and Head of Operations APAC said, “The region’s talent economy is at a crossroads. Workforce gaps are no longer just about headcount. They are about adaptability. Employers who balance technology investment with cultural intelligence and purpose-led hiring will emerge stronger in the next cycle.”
The Five Talent Shifts Defining the Future of Work
The report identifies five interconnected shifts reshaping how employers hire, engage and compete for talent across Asia Pacific.
- At the heart of this transformation is the rise of hybrid skills, where digital fluency and human capability increasingly go hand in hand. These capabilities are especially important in digital sales and customer-facing roles, where employers look for talent who can combine technical proficiency with strong communication skills.
- Closely linked to this is the growing importance of sustainability and compliance literacy. As ESG expectations become more deeply embedded in business strategy, roles once limited to sustainability teams are now expanding across finance, operations and supply chain functions.
- The study also points to a major shift in the employer–employee dynamic, with candidates behaving more like consumers. Jobseekers expect transparency, mobile-first communication and a sense of purpose from the hiring process itself. This trend is evident locally, where bilingual candidates increasingly evaluate organisations on culture, stability and clear growth pathways.
- These evolving expectations are most visible among younger professionals, particularly Gen Z and millennials, who prioritise flexibility, belonging and personal growth. For many, meaningful work and supportive leadership now matter more than salary alone.
- The report also highlights a growing need for stronger collaboration between businesses, educators and government to keep skills development aligned with evolving workforce demands. In Hong Kong, this coordinated approach is becoming increasingly important as industries adapt to rapid digitalisation, rising service expectations and ongoing talent shortages.
Zen Loh, Managing Director & Strategic Business Group Head said, “This report reflects PERSOL’s commitment to equipping our clients with data-driven insights that translate into real workforce strategies. We’re helping businesses and jobseekers prepare for what’s next by understanding the skills, mindsets and motivations shaping the future of work.”
Empowering Organisations for What’s Next
PERSOL believes that insight is only powerful when it drives action. Across Asia Pacific, the company works alongside organisations to turn workforce intelligence into real progress, helping them attract, develop and retain the people who will shape the next generation of work.
Download the PERSOL Industry Insight Report 2025 at www.persolapac.com/industry-insights-2025 to explore the trends transforming how Asia Pacific works, hires and grows.
Hashtag: #PERSOL
The issuer is solely responsible for the content of this announcement.
About PERSOL in APAC
PERSOL is Asia-Pacific’s leading Staffing and HR solutions partner, operating across 13 markets with deep local insight and regional scale. With more than 140 offices and decades of experience, we deliver integrated workforce solutions that are tailored, tech-enabled, and designed for the dynamic world of work.
We combine human expertise with smart technology to help organisations solve workforce challenges, unlock potential, and stay ahead of change. From recruitment and talent management to workforce strategy and advisory, our collaborative approach puts your goals at the centre.
In 2025, we came together under the PERSOL name – reflecting our bold vision for the future of work and our Group’s Vision: ‘Work and Smile’. Whether you’re building teams, growing careers, or transforming how work gets done, we’re here.
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