Singapore’s fintech sector has earned its place as one of the world’s leading financial innovation hubs, thanks to forward-thinking regulation, world-class infrastructure, and a thriving startup ecosystem. It’s no surprise, then, that the most funded fintechs here attract serious capital and set benchmarks for the region and possibly beyond, too.
The Monetary Authority of Singapore (MAS) has built an effective fintech runway, especially through initiatives like the Digital Banking Framework, Project Guardian, and the Financial Services and Markets Act (FSMA). Singapore has, in fact, created a space where fintechs can scale responsibly and still move fast enough to matter.
Even as global fintech funding slowed in 2024, Singapore pulled in around US$1.3 billion, a clear signal that strategic capital is still flowing toward later-stage investments and B2B payment players.
It helps that Singapore spent years laying the groundwork; most markets are only now trying to catch up to Singpass, SGFinDex, FAST, PayNow — critical pieces of infrastructure that turn digital finance from promise into practice.
From payment solutions to global digital assets, let’s dive into the most funded fintechs in Singapore for the year.
Last Updated: 7 May 2025
Airwallex – US$902 million
Airwallex secures the top spot in this list of most funded fintechs in Singapore. It is a global payments platform that aims to empower businesses to operate seamlessly across borders. Since its inception, the company has raised significant capital through multiple funding rounds.
In October 2022, Airwallex closed its Series E2 extension round, securing a total of $100 million in Series E funding and reaching a valuation of $5.6 billion. The round featured prominent investors, including Lone Pine Capital, Salesforce Ventures, Sequoia Capital China, and Tencent.
Airwallex offers a comprehensive suite of products and services. For instance, its global accounts enable businesses to open multi-currency accounts within minutes, streamlining cross-border transactions.
The platform also offers integrations with accounting software, e-commerce platforms, and other business tools, which could automate financial workflows and provide a clearer view of a business’s global financial activities.
Additionally, Airwallex provides APIs that allow businesses to embed their payment and financial services directly into their platforms and applications, offering an easier solution for global financial management.
Several factors have likely contributed to Airwallex’s success in securing substantial funding. As its company has a cloud-based infrastructure that leverages technology, it is possibly offering faster, more transparent and cost-effective solutions to global payments and financial management.
The company’s extensive partnerships with financial institutions and payment providers worldwide also help Airwallex offer more efficient cross-border transactions. Furthermore, Airwallex’s demonstrated growth in customer acquisition and transaction volumes across various industries and regions underscores the scalability and potential of its business model.
Coda – US$715.3 million
Coda, formerly Coda Payments, specialises in monetisation solutions for digital content. The company has secured significant funding, raised across multiple rounds from investors. Its last Series C funding saw US$690 million raised in 2022, comprising investors GIC, Insight Partners, and Smash Ventures.
The funds acquired were purportedly to expand Coda’s services to more territories via alternative app stores and cross-border payments. At that time, the company’s valuation reached $2.5 billion, qualifying it as one of the fintech unicorns of Singapore.
Coda provides three solutions. First, Codapay is an API integration which helps businesses connect to 400+ local and global payment methods. Next, Coda Custom Commerce is a fully customisable web store that enables businesses to sell their content as they want to.
Thirdly, Coda Distribution enables companies to tap into Coda’s extended network of eCommerce platforms, so that they can unlock newer audiences. Finally, CodaShop functions as a global marketplace where businesses can upload their content and reach customers across 62 markets.
What could be the drivers for Coda’s funding successes? For starters, direct carrier billing, a key offering, requires strong partnerships with mobile network operators. Coda has successfully built and maintained these relationships across numerous countries.
Next, the company seems to have unlocked the key to understanding local payment habits and preferences in each market it operates in, offering relevant and convenient payment options for users.
Finally, by simplifying the monetisation process and providing access to a broader user base via diverse payment options, Coda puts forward a compelling value proposition for game publishers, streaming services, and other digital payment providers.
Advance Intelligence Group – US$700+ million
Advance Intelligence Group is also one of the most funded fintechs in Singapore. Since its inception, the group has raised over US$700 million from major global and regional investors, including SoftBank Vision Fund 2, Warburg Pincus, Bank Jago and EDBI of Singapore.
The company’s valuation surpassed US$2 billion following its Series D round in 2021, establishing it as a fintech unicorn and one of the largest independent technology startups in Singapore.
Advance Intelligence Group’s key business lines are firstly Advance.ai, which provides AI-powered B2B solutions, including risk management.
Next, Atome Financial is best known for Atome, purportedly one of the biggest digital lenders in SEA and Kredit Pintar, a digital platform in Indonesia. ND Finance in China, under Atome Financial, also supports e-commerce and digital payment via micro-lending.
Advance Intelligence Group’s success is driven by its advanced AI and data analytics capabilities that enable better credit scoring, fraud prevention, and personalised services. Then there’s the rapid growth of e-commerce, which fuels demand for products like Atome.
Amber Group – US$628 million
Founded in 2017 and headquartered in Singapore, Amber Group is a global digital asset company. It provides a comprehensive suite of services spanning trading, wealth management, financing, and infrastructure solutions.
Initially focused on crypto trading and liquidity provision, Amber Group has evolved to serve institutional clients, high-net-worth individuals, and crypto-native projects. The group’s aim is to bridge the gap between traditional finance and the digital asset economy.
Amber Group has successfully attracted significant investment, positioning it among the most funded fintechs in Singapore.
Notable funding milestones include a $300 million Series C round in December 2022 led by Fenbushi Capital, and a $200 million Series B round in February 2022 which saw participation from prominent investors like Temasek, Sequoia Capital China, Pantera Capital, and Tiger Global Management.
Several factors contribute to Amber Group’s ability to secure significant funding. Founded by former traders from traditional finance institutions like Morgan Stanley, the leadership team brings a wealth of experience and a deep understanding of both traditional and digital financial markets.
Next, operating in a highly regulated and often volatile market, Amber Group emphasises risk management and compliance. Achieving certifications like SOC 2 Type II also builds trust with institutional clients and investors. Finally, their acquisition of the MPI license through Sparrow Tech further strengthens their regulatory standing in Singapore.
bolttech – US$543.2 million
Founded in 2020 and headquartered in Singapore, bolttech is a global insurtech company reaching 35+ markets with a mission to build the world’s leading, technology-enabled ecosystem for protection and insurance.
It connects insurers, distributors, and customers to make buying and selling insurance and protection products easier and more efficient.
bolttech has raised significant capital through multiple funding rounds, securing its position as a top-funded fintech in Singapore. In December 2024, bolttech announced its Series C round, raising over US$100 million.
The funding round was led by Dragon Fund of Liquidity and MUFG, alongside investors Baillie Gifford, Generali – through Lion River, the group’s company dedicated to private equity, and others. The Series C funding round valued bolttech at US$2.1 billion.
Several factors contribute to bolttech’s high funding. Firstly, bolttech is transforming how insurance is bought and sold by integrating it directly into the purchasing process of other products and services, addressing a market opportunity.
Next, its global scalability and strategic partnerships expand its distribution network and reach a wider customer base. For example, bolttech recently partnered with MoneyHero, a personal finance and digital insurance brokerage platform, to launch its new car insurance platform.
Finally, its insurance exchange platform and APIs provide a seamless, efficient way for insurers and distributors to connect.
What’s Next for Singapore Fintech?
As Singapore continues to position itself as a global fintech powerhouse, the trajectory is clear: deeper innovation, increased regional influence, and tighter alignment between regulation and technology.
The next wave of growth is likely to come from embedded finance, ESG-linked fintech products, and AI-driven compliance tools, areas where Singapore’s digital infrastructure and regulatory foresight provide a competitive edge.
The MAS has signalled strong support for AI adoption in financial services, with its Veritas initiative for guiding financial institutions in adopting the responsible use of AI to better serve their clientele.
Green fintech is another rising pillar. The MAS is committed to advance sustainable finance, with a vision to be the leading centre for green and sustainable finance in Asia and the world, while also catalysing Asia’s net-zero transition.
As the ecosystem matures, fintechs that align with national priorities like AI ethics, financial inclusion, and sustainability could be best positioned to lead, possibly even taking on these most funded fintechs in Singapore.
Disclaimer:
- All monetary values were converted based on the currency exchange rate as of 14 April 2025, with USD $1.00 equivalent to S$1.315.
- The funding figures mentioned are based on publicly disclosed information from various news outlets and databases. Only companies with publicly available funding data have been included in this article.
Source of image: Edited from Freepik
Data source: Crunchbase