HONG KONG, March 3, 2022 /PRNewswire/ — KPMG’s Pulse of Fintech H2’21 highlights that fintech investment in the Asia-Pacific region reached US$27.5 billion in 2021 across a record 1,165 deals. While total investment fell well shy of 2019’s peak, it was almost twice the US$14.7 billion seen in 2020.
The Asia-Pacific fintech investment market remains vibrant amid the regulatory activities in China. In 2021, China continued to step up regulations in the fintech space, most notably through banning cryptocurrency transactions, bitcoin mining, and the facilitation of cryptocurrency trading. While the uptick in regulatory activity in China led some fintech investors to pull-back from China, it also raised the profile of other fintech hubs in the region — including India and Singapore. Among the top 10 deals in the region this year, China’s MediTrust Health ranked 9th with US$308 million raised, while deals in Japan, South Korea, India and Singapore accounted for the others.
During 2021, interest in embedded finance propositions grew in the Asia-Pacific region, particularly Southeast…
