Singapore FinTech investment activity in freefall as funding dropped by 65% in Q1

Singapore FinTech funding Q1 2025

Key Singaporean FinTech investment stats in Q1 2025:

  • Singaporean FinTech funding dropped by 65% QoQ in Q1
  • Investment activity in freefall as average deal value dropped by two-thirds to $5.6m with investors having prioritised smaller deals
  • Finmo, a pioneer in treasury technology, secured one of the largest Singaporean FinTech deals of the quarter with an oversubscribed $18.5m Series A round

Singaporean FinTech funding dropped by 65% QoQ in Q1

In Q1 2025, the Singaporean FinTech market experienced continued declines in both funding and deal activity compared to the same quarter in the previous year.

Just 16 deals were recorded in Q1 2025, reflecting a 68% drop from the 50 deals completed in Q1 2024.

Funding contracted even more sharply, with only $90m raised in Q1 2025—an 85% decline from the $618m raised during the same period in 2024.

This investment activity freefall highlights mounting pressure on the sector, as investors scale back significantly amid broader economic uncertainty and a more selective funding environment.

Quarter-on-quarter, deal activity saw only a marginal dip from 17 to 16 deals, representing a 6% decrease.

However, total funding fell by 65% from $259m in Q4 2024 to $90m in Q1 2025, indicating a continued reduction in capital commitments.

Investment activity in freefall as average deal value halved to $5.6m with investors having prioritised smaller deals

The average deal size in Q1 2025 was $5.6m, down from $15.2m in Q4 2024 and significantly lower than the $12.4m average in Q1 2024.

This sharp decline in average deal value suggests investors are becoming increasingly conservative, channelling funds only into lower-risk opportunities as Singapore’s FinTech sector navigates a more restrained investment climate.

Finmo, a pioneer in treasury technology, secured one of the largest Singaporean FinTech deals of the quarter with an oversubscribed $18.5m Series A round

The funding round brought the company’s total funding to $27m.

The company offers an all-in-one Treasury Operating System (TOS) that empowers businesses to streamline global payments, optimise liquidity, and manage financial risks with precision.

Co-led by Quona Capital and PayPal Ventures, with support from Citi Ventures, the funding reflects strong investor confidence in Finmo’s mission to modernise treasury operations.

The platform’s modular and scalable architecture addresses the full spectrum of treasury needs, from real-time payments and FX risk management to compliance and liquidity optimisation.

With plans to expand globally and enhance its AI capabilities, Finmo is poised to play a leading role in transforming corporate treasury functions across borders.

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