--- title: Singapore is putting S$220M into fintech as private... description: Singapore's Monetary Authority has committed S$220M (about $173M) over three years to fintech under FSTI 4.0, three days after KPMG reported private fintech... canonical: https://daily.dev/posts/singapore-is-putting-s-220m-into-fintech-as-private-funding-hits-a-decade-low-dehcgwdx3 twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Singapore is putting S$220M into fintech as private funding hits a decade low | daily.dev og:description: Singapore's Monetary Authority has committed S$220M (about $173M) over three years to fintech under FSTI 4.0, three days after KPMG reported private fintech... og:url: https://daily.dev/posts/singapore-is-putting-s-220m-into-fintech-as-private-funding-hits-a-decade-low-dehcgwdx3 og:image: https://api.daily.dev/og/posts/deHCgwdX3.png og:image:alt: Singapore is putting S$220M into fintech as private funding hits a decade low og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Singapore is putting S$220M into fintech as private funding hits a decade low **[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments ## Summary Singapore's Monetary Authority has committed S$220M (about $173M) over three years to fintech under FSTI 4.0, three days after KPMG reported private fintech investment in the city-state fell to a decade low. The scheme spans six tracks including AI adoption, infrastructure, and talent, with at least 1,000 co-funded fintech internships planned. Singaporean fintech firms raised $499M across 53 deals in H1, down from $1.45bn across 97 deals a year earlier, with a single $320m payments round accounting for nearly two-thirds of the total. The decline mirrors similar drops in UK and European fintech funding, and Singapore's move is framed as a comparatively modest public bet on infrastructure and people rather than a direct capital replacement. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [UK fintech funding has fallen to its lowest level in at least a decade](https://daily.dev/posts/uk-fintech-funding-has-fallen-to-its-lowest-level-in-at-least-a-decade-cxgpgdsgu) · The Next Web · 0 upvotes · 0 comments - [India doubles down on state-backed venture capital, approving $1.1B fund](https://daily.dev/posts/india-doubles-down-on-state-backed-venture-capital-approving-1-1b-fund-zx2xind1k) · TechCrunch · 1 upvotes · 0 comments - [OCBC to lift annual tech spending above $771mn as new CEO doubles down on AI](https://daily.dev/posts/ocbc-to-lift-annual-tech-spending-above-771mn-as-new-ceo-doubles-down-on-ai-989t32cpx) · The Next Web · 0 upvotes · 0 comments --- Tags: [#startup](https://daily.dev/tags/startup), [#venture-capital](https://daily.dev/tags/venture-capital), [#fintech](https://daily.dev/tags/fintech) [View this post on daily.dev](https://daily.dev/posts/singapore-is-putting-s-220m-into-fintech-as-private-funding-hits-a-decade-low-dehcgwdx3) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Singapore is putting S$220M into fintech as private funding hits a decade low","url":"https://daily.dev/posts/singapore-is-putting-s-220m-into-fintech-as-private-funding-hits-a-decade-low-dehcgwdx3","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/singapore-is-putting-s-220m-into-fintech-as-private-funding-hits-a-decade-low-dehcgwdx3"},"datePublished":"2026-08-31T09:47:25.067Z","dateModified":"2026-08-31T09:47:42.251Z","description":"Singapore's Monetary Authority has committed S$220M (about $173M) over three years to fintech under FSTI 4.0, three days after KPMG reported private fintech...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/c146049f4f7ad49868dac76f9c06e244?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/c146049f4f7ad49868dac76f9c06e244?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/singapore-is-putting-s-220m-into-fintech-as-private-funding-hits-a-decade-low-dehcgwdx3","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"startup,venture-capital,fintech","timeRequired":"PT4M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"Singapore is putting S$220M into fintech as private funding hits a decade low"}]} ```