“Top 9 Wealthtech Startups in Singapore and Hong Kong”
By Fintechnews.sg, 23/12/2016
Over the last years, the growth of fintech has gained significant momentum globally, attracting US$19.1 billion in investment in 2015 alone. In Asia, fintech funding reached an all-time high, quadrupling 2014 total with US$4.54 billion in investment across 130 deals, according to a report by CB Insights and KPMG.
While corporates in more mature regions of the world typically see fintech companies as a disruptor to traditional banking, in Asia, there is a much broader focus on fintech as an enabler for existing companies to extend their market share and to gain customers among the unbanked and underbanked populations.
Fintech is spurring innovation that is disrupting traditional banking and wealth management. Today, we take a look at some of the region’s hottest wealth tech startups and disruptors.