What makes FinTech so popular in Singapore and other parts of the Asia-Pacific Region for FinTech investors? - Seedly
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Anonymous

Asked on 06 Nov 2019

What makes FinTech so popular in Singapore and other parts of the Asia-Pacific Region for FinTech investors?

As compared to Western markets like the US and Europe?

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Paridhi Jhunjhunwala
Paridhi Jhunjhunwala, Associate at Kristal.AI
Level 7. Grand Master
Answered on 08 Nov 2019

Hi!

FinTech is basically an upcoming trend globally. However, there is a wider impact in Singapore and other parts of Asia-Pacific because these are the developing markets of the world. Markets like Europe and United States are already developed and thus, the scope for a new idea to have major impact is lower.

To know more about the impact of FinTech globally, click here.

I work at Kristal.AI, and it's my passion to evaluate various upcoming investment opportunities.

Happy investing!

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šŸ‘ 9

Well Europe is not bad as well due to nice established financial centre (London) and with fairly easy/friendly regulatory umbrella (EU - Brexit changing things tho). Each place has it's own pluses and minuses (eg US fragmented state-by-state market but great tech talent)

In terms of Singapore/Asia - the strength is that being a younger/less developed market there is less legacy issues to deal with and incumbents less established, particularly in newer fields. As a result lots of blue ocean that has potential for good returns and hence attractive to investors.

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