Arteculate Asia

ALT What does it take to grow, build and maintain a vibrant tech ecosystem? Today, Singapore is home to approximately 220 venture capital funds, data from ESG showed. Investors call it their base thanks in part to the ease of doing business, as well as its stability and robust frameworks. Singapore's growing tech ecosystem has thrived thanks in part to strong government support, the ease of doing business, political stability, and proximity to the Asean region. But what does it take to grow, build and maintain a vibrant tech ecosystem? The Business Times (BT) takes a look at some driving forces behind tech hubs in the city-state and around the globe....

ALT 2021 has been a great year for fintechs globally, but even more so in Singapore. While funding raised by fintechs globally almost doubled from 2020 to S$137 billion in 2021, funding for Singapore fintechs has grown by 2.5 times between 2020 and 2021, according to data from the BCG FinTech Control Tower. (Equity funding figures do not include grants, debt, mergers and acquisitions, initial coin offerings, initial public offerings (IPOs), and post-IPOs.).....