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Singapore fintech sees surge in investments despite global trade fragmentation and tariff escalation: KPMG’s Pulse of Fintech H1’25
This makes it the highest amount of investments the country has seen since the first half of 2023, where investments had hit US$1.59 billion across 125 deals. Compared to H1 2024, deal values had risen by about 87 percent year-on-year, and 28 percent from H2 2024.
Investments were predominantly driven by deals in the payments, cryptocurrency and AI and machine learning verticals, which accounted for the lion’s share of the total deal size recorded for Singapore. Deals in the payment vertical were spread equally across early and late-stage deals, while cryptocurrency and AI and machine learning verticals largely saw early-stage deals.
Global fintech investments saw $44.7 billion across 2,216 deals in H1 2025, a dip from the $54.2 billion recorded across 2,376 deals in H2 2024.
“The data for Singapore shows that the country is seen as a strategic hub for fintech innovation, supported by robust regulatory frameworks that have shaped a financial ecosystem known for its efficiency, resilience, and trustworthiness,” said Anton Ruddenklau, Partner, Head of Financial Services, KPMG in Singapore and Global Head of Fintech and Innovation for Financial Services, KPMG International.
“In a climate shaped by global trade tensions, the ability to enable decentralised, tech-driven, and non-traditional financial solutions will be critical. As traditional financial flows face disruption, the demand for agile, resilient infrastructure will see higher demand,” he added.
| Fintech verticals | Singapore | Global | ||
| Ranking | Deal Size
US$ (million) |
Ranking | Deal Size
US$ (million) |
|
| Payments | #1 | 474.66 | #4 | 4,644.02 |
| Crypto | #2 | 254.10 | #1 | 8,371.1 |
| AI & ML deals | #3 | 234.50 | #2 | 7,220.16 |
| InsurTech | #4 | 147 | #3 | 4,800 |
| Reg Tech | #5 | 39.80 | #5 | 2,079.3 |
| Cybersecurity | #6 | 6.50 | #9 | 115.2 |
| ESG (New) | #7 | 0* | #6 | 1,134.77 |
| Proptech | #8 | 0* | #7 | 331.0 |
| WealthTech | #9 | 0 | #8 | 214.2 |
*Deal sizes were not revealed despite some deals being recorded
Singapore’s fintech payments sector defies global trends
In Singapore, fintech investments in the payments sector climbed to US$475 million in the first half of 2025—an almost eightfold increase from H2 2024. Globally, the payments segment saw US$4.6 billion in H1 2025.
In Singapore, this rise was anchored by mega-deals such as Airwallex’s US$301 million raise, positioning the country as a regional epicenter for digital payments innovation.
“Singapore’s fintech firms are capitalising on the demand for agile, interoperable payment platforms that can navigate tariff-induced complexities,” said Mr Ruddenklau.
Deal records indicate that the top three deals targeting companies focused on cross-border payment solutions.
This trend highlights not only the sustained demand for digital payment applications, but also a growing appetite for infrastructure that enables real-time, cross-border retail and commercial transactions. As global commerce becomes increasingly digital and interconnected, investors are prioritising scalable, tech-enabled platforms that can address the complexities of international payments—such as compliance, currency conversion, and settlement speed—while maintaining security and user trust.
Singapore’s digital assets and currencies sector leads in deal activity amid global momentum
Singapore’s digital assets and currencies sector recorded 48 deals in H1 2025—the highest number of deals among all fintech verticals—despite a slight dip from 53 deals in H2 2024. With US$254.1 million in investments, the sector ranked second in deal value, underscoring its resilience and investor appeal.
The two largest deals were secured by protocol provider Giants Planet and blockchain intelligence and tooling platform Coinseeker.co, each raising US$30 million.
This could be early signs of an emerging trend where institutional stakeholders are driving the demand for regulated financial services, pushing up demand for infrastructure that allows for scalability, interoperability, and real-world utility.
Investors are increasingly backing platforms that can support secure, compliant, and high-throughput ecosystems. The emphasis on infrastructure also reflects growing demand for enterprise-grade solutions that can integrate with traditional financial systems while enabling decentralised innovation.
AI-powered fintech continues to surge in Singapore
Singapore’s AI-powered fintech sector saw a new high in H1 2025, with the artificial intelligence and machine learning vertical attracting US$234.5 million across 22 deals— surpassing previous records seen in 2023 and 2024.
A large share of these investments was directed toward business productivity tools and financial software, reflecting a strong appetite for AI solutions that enhance operational efficiency and support digital transformation.
Looking ahead, we could possibly see more hyper-personalised financial services, where AI tailors products and advice to individual user behaviours and preferences. Regulatory technology (RegTech) is also set to expand, with AI streamlining compliance and risk management in increasingly complex financial environments.
Global Key Highlights for H1’25
- Global fintech investment saw the softest six-month period since H1’20, with just $44.7 billion in investment across 2,216 deals.
- Global M&A deal value fell from $26.7 billion in H2’24 to $19.9 billion in H1’25, while PE investment fell from $4.4 billion to $1.4 billion; global VC investment remained steady over the same timeframe, rising marginally from $23 billion to $23.4 billion.
- The EMEA region was the only major region to see fintech investment grow—from $11.1 billion across 780 deals in H2’24 to $13.7 billion across 759 deals in H1’25.
- The Americas attracted the most fintech investment in H1’25, with $26.7 billion invested across 1,092 deals in H1’25—down from $35.7 billion across 1,150 deals in H2’24.
- The ASPAC region had the softest level of fintech investment, with just $4.2 billion across 363 deals in H1’25, compared to $7.3 billion across 444 deals in H2’24.
- At the sector level, digital assets, AI, and regtech were all trending well ahead of 2024’s investment levels at mid-year. Digital assets had $8.3 billion in investment in H1’25—compared to $10.7 billion during all of 2024, while AI saw $7.2 billion in investment—compared to $8.9 billion in all of 2024.
“Given the geopolitical situation globally, much of the fintech investment globally we’ve seen so far in 2025 has been very strategic, rather than broad-brush speculative investments. Firms were more focused on cost cutting and on divesting non-core and underperforming assets than new deals. The increase in AI-focused fintech investment dovetails with that. Both investors and institutional users are very keen on the potential of generative AI and agentic AI—and startups that are to improve efficiencies and drive value through GenAI will command premium valuations and significant investment. Fintech-focused AI is only going to get hotter headed into the back half of 2025,” he added.
Hashtag: #KPMGInternational #Fintech
The issuer is solely responsible for the content of this announcement.
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 265,000 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.
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SIM and the True Worth of Education: Beyond Tuition Fees
Local Public Universities: Affordable and Prestigious
Singapore’s autonomous universities remain among the most cost-effective options for Singapore citizens, thanks to the Ministry of Education’s Tuition Grant. For example, undergraduate programs at NUS and NTU cost around S$8,250 per year for Singaporeans, while SMU averages S$11,500 annually. Other institutions such as SUTD, SUSS and SIT fall within similar ranges, typically between S$8,000 and S$13,500 per year. Over a three- to four-year degree, this translates to roughly S$25,000 to $54,000 in tuition fees.
The autonomous universities offer strong reputations and excellent graduate outcomes, but entry to some programme is highly competitive, and program flexibility may be limited compared to private or overseas options.
Overseas Universities: Prestige Comes at a Price
For families considering an overseas education, costs escalate dramatically. Tuition at U.S. private universities averages US$50,000 to US$60,000 per year (about S$70,000 to S$84,000), with living expenses adding another US$10,000 to US$15,000 annually. In the UK, fees range from £10,000 to £38,000 per year (approximately S$17,000 to $65,000), while Canada and Australia typically charge S$14,000 to $28,000 for tuition alone. Factoring in accommodation, travel, and insurance, a four-year overseas degree can easily exceed S$150,000.
While these programs offer prestige and cultural immersion, they also involve significant financial, visa, and lifestyle considerations.
SIM Global Education: International Degrees at Local Cost
SIM offers a compelling alternative for students seeking global credentials without the high cost of studying abroad. Through partnerships with leading universities from the UK, Australia, the U.S., Canada, and Europe, SIM delivers more than 140 programs in Singapore, allowing students to earn internationally recognized degrees, essentially the same degree if you studied overseas, but locally at SIM. Tuition fees vary by program, for example, a University of London BSc ranges from S$26,685 to S$42,835, a University of Birmingham top-up degree costs S$42,000 to S$57,100, and a degree from the University at Buffalo falls between S$41,700 and S$74,600 for Singaporeans.
Beyond competitive pricing, SIM emphasizes value. Degrees are awarded by partner universities and aligned with global academic standards. The institution holds EduTrust Star certification and ISO accreditation, ensuring the best quality assurance. Students benefit from bond-free scholarships and bursaries, as well as Career Connect services that provide internships, mentoring, and employer networking. Graduate outcomes are strong, with nearly 80% of SIM graduates securing employment within six months of graduation.
Why Value Matters as Much as Cost
Choosing a degree isn’t just about tuition fees, it’s about the total investment, which includes living costs, global recognition, and career outcomes. Local autonomous universities such as NUS, NTU, and SMU remain highly attractive for their subsidized fees and strong reputations, making them one of the most cost-effective options for Singaporeans. However, entry is competitive, and program flexibility may be limited.
On the other end of the spectrum, overseas universities offer prestige and cultural immersion but often come with six-figure costs and additional living expenses. This is where SIM provides a strategic middle ground, delivering internationally recognized degrees from leading global universities at local cost. Students gain access to global curricula, industry-ready skills, and career networks without the financial burden of relocating overseas. For families seeking international exposure at sustainable costs, SIM combines affordability with the value of global education
References:
- NUS Fees for Undergraduate Programmes – https://www.nus.edu.sg/registrar/docs/info/administrative-policies-procedures/ugtuitioncurrent.pdf
- NTU Fees for Undergraduate Programmes – https://www.ntu.edu.sg/docs/default-source/onestop@sac/2025/tuition-fees-ft-ay2025_12mar25.pdf?sfvrsn=b8c5474_1
- SMU Fees for Undergraduate Programmes – https://admissions.smu.edu.sg/financial-matters/tuition-fees-grant
- SUTD Fees for Undergraduate Programmes – https://www.sutd.edu.sg/admissions/undergraduate/education-expenses/fees/tuition-fees/
- SUSS Fees for Undergraduate Programmes – https://www.suss.edu.sg/admissions/financial-matters/tuition-fee-subsidy/full-time-undergraduate
- SIT Fees from Undergraduate Programmes – https://www.suss.edu.sg/admissions/financial-matters/tuition-fee-subsidy/full-time-undergraduate
- Comparison of Tuition Fees in US, UK, Canada and Australia – https://uninist.com/blog/financial-planning/comparison-of-tuition-fees-guide
- How much does college cost in 2025 – https://research.com/universities-colleges/how-much-does-college-cost
- Price of attending undergraduate institutions – https://nces.ed.gov/programs/coe/indicator/cua
- University of London Bachelor Degree – https://www.sim.edu.sg/degrees-diplomas/programmes/programme-listing?academic=2%7C&programmetype=1%7C3&university=1%7C
- University of Brimingham Bachelor Degree – https://www.sim.edu.sg/degrees-diplomas/programmes/programme-listing?academic=2%7C&programmetype=1%7C3&university=10%7C
Hashtag: #SIMGlobalEducation #SIMGE #GlobalEducation #InternationalDegree #CareerReady #FutureSkills
The issuer is solely responsible for the content of this announcement.
About SIM Global Education
SIM Global Education (SIM GE) is a leading private education institution in Singapore and the region. We offer more than 140 academic programmes ranging from diplomas and graduate diploma programmes to bachelor’s and master’s degree programmes with some of the world’s most reputable universities from Australia, Canada, Europe, United Kingdom, and the United States. SIM GE’s cohort is made up of 16,000 full- and part-time students and adult learners, of which approximately 36% are international students hailing from over 50 countries.
SIM GE’s holistic learning approach and culturally diverse learning environment aim to equip students with knowledge, industry skills and employability competencies, as well as a global perspective to succeed as future leaders in a fast-changing, technologically driven world.
For more information on SIM Global Education, visit sim.edu.sg
Media OutReach
A-Level vs Polytechnic: Understanding different pathways offer competitive edge at SIM
Conversely, Polytechnic programmes emphasize applied learning, incorporating projects and industry attachments, and culminate in a diploma after three years. Understanding how these distinct approaches translate into admission considerations at SIM, one of Singapore’s leading private education institutions, is essential.
For students and parents, evaluating these options is critical to determining which pathway offers the greatest advantage in today’s competitive education landscape.
Applying with A-Levels
For students who have completed A-Levels, SIM requires applicants to meet the academic and English language criteria specified for each degree programme. According to SIM’s admissions process, candidates must submit their GCE A-Level certificates and transcripts along with other supporting documents. Entry is subject to programme-specific requirements set by SIM and its universities partner from Australia, Canada, Europe, the United Kingdom, and the United States. This pathway allows applicants to begin their degree studies immediately after junior college, provided they meet the specific entry requirements for their chosen programme.
Applying with a Polytechnic Diploma
Polytechnic graduates may be eligible for advanced standing and credit exemptions when applying to SIM’s degree programmes. The amount of exemption depends on the relevance of the diploma and the chosen degree. For example, IT-related diplomas from local polytechnics can receive up to two years of credit exemptions for certain programmes, such as those offered by the University of Wollongong, provided the applicant meets GPA requirements (typically 2.0 or above). Other diplomas may receive partial exemptions on a case-by-case basis. These exemptions reduce both time and cost, making SIM an attractive option for Polytechnic graduates who want to build on their applied learning experience.
Why It Matters
According to the Ministry of Education (MOE) statistics in 2021, roughly one in three Polytechnic graduates progress to local autonomous universities, compared to about four in five A‑Level and International Baccalaureate graduates. This gap underscores the importance of additional pathways such as SIM, which enable Polytechnic graduates to earn globally recognised degrees and expand their career prospects.
Student Stories: Two Potential Paths to Success at SIM
At SIM, students have the flexibility to shape their academic journey based on their background and career goals. For some, it’s about gaining a head start; for others, it’s about leveraging credit exemptions to fast-track progress. Ashley Ong and Violet Weng exemplify these two pathways, each leading to success in its own way.
Ashley Ong, an A-Level graduate, chose to begin her degree journey with the University at Buffalo Bachelor of Science in Business Administration. She embraced every opportunity SIM offered such as internships, hackathons, and networking events, building practical skills and global perspectives that prepared her for a competitive business world.
Meanwhile, Violet Weng, a Singapore Polytechnic graduate, opted for a different approach. While pursuing her RMIT Bachelor of Business (Economics and Finance), Violet leveraged SIM’s credit exemptions to shorten her study duration and reduce costs, all while working full-time. This flexibility allowed her to balance work and study, accelerate graduation, and advance her career without compromise.
Both stories highlight SIM’s commitment to offering customized pathways for students whether you’re starting fresh or building on prior learning.
Conclusion
Whether you come from an academic route like A-Levels or an applied learning path through Polytechnic, the journey to a degree can look very different. A-Level graduates often enjoy a head start with direct entry, while Polytechnic graduates benefit from credit exemptions that recognize their practical skills. Both pathways reflect Singapore’s evolving education landscape where flexibility and global opportunities matter more than ever.
References:
- MOE Post-Secondary – https://www.moe.gov.sg/post-secondary/
- SIM Application Process – https://www.sim.edu.sg/degrees-diplomas/admissions/application-process
- SIM-UOW Credit Exemption Table – https://www.sim.edu.sg/getmedia/9c0ad90d-5910-4d47-b044-f815188a4b16/sim002856.pdf
- MOE Education Statistics Digest – https://www.moe.gov.sg/about-us/publications/education-statistics-digest
- Polytechnic graduates progression and subsidies for PEIs – https://www.moe.gov.sg/news/parliamentary-replies/20210510-polytechnic-graduates-progression-and-subsidies-for-peis
- askST: How many uni places are there for Singaporeans? Is there a quota for poly grads? – https://www.straitstimes.com/singapore/how-many-uni-places-for-locals-any-quota-for-poly-grads
- How 6 internships, 4 hackathons, and CCAs paved the way for Ashley – https://www.sim.edu.sg/articles-inspirations/how-6-internships-4-hackathons-and-ccas-paved-the-way-for-ashley
- How this graduate pivoted her career by pursuing a degree while working full time – https://www.sim.edu.sg/articles-inspirations/how-this-graduate-pivoted-her-career-by-pursuing-a-degree-while-working-full-time
Hashtag: #SIMGlobalEducation #SIMGE
The issuer is solely responsible for the content of this announcement.
About SIM Global Education
SIM Global Education (SIM GE) is a leading private education institution in Singapore and the region. We offer more than 140 academic programmes ranging from diplomas and graduate diploma programmes to bachelor’s and master’s degree programmes with some of the world’s most reputable universities from Australia, Canada, Europe, United Kingdom, and the United States. SIM GE’s cohort is made up of 16,000 full- and part-time students and adult learners, of which approximately 36% are international students hailing from over 50 countries.
SIM GE’s holistic learning approach and culturally diverse learning environment aim to equip students with knowledge, industry skills and employability competencies, as well as a global perspective to succeed as future leaders in a fast-changing, technologically driven world.
For more information on SIM Global Education, visit sim.edu.sg
Media OutReach
K. Wah Group Donates Additional HK$12.07 Million for Tai Po Recovery
Chairman Mr. Francis Lui Urges Public to Turn Compassion into Action and Vote 7 December
HONG KONG SAR – Wechat: 嘉华集团 K. Wah Group
https://www.youtube.com/@kwahgroup
The issuer is solely responsible for the content of this announcement.
About K. Wah Group
K. Wah Group was founded in 1955 by Dr. Lui Che Woo and has since grown into a diversified multinational corporation. Its core businesses span property development and investment, integrated resort and entertainment, hospitality, and construction materials.
The Group has a strong presence in Mainland China, Hong Kong, Macau, Southeast Asia, and key international markets. Its major subsidiaries include two Hong Kong-listed flagships: K. Wah International Holdings Limited (HKEX: 00173), focused on premium property development and investment; and Galaxy Entertainment Group Limited (HKEX: 00027), a constituent of the Hang Seng Index and a leading gaming and entertainment operator in Macau. Other key members of the Group include Stanford Hotels International and K. Wah Construction Materials Limited. Today, K. Wah Group comprises over 200 subsidiaries worldwide.
Website:
http://www.kwah.com
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