Singapore-based fintech firms raised $535m in the first half of 2026, far outpacing every other city in Southeast Asia’s ecosystem, according to Tracxn data reported by Singapore Business Review.
The next closest city, Taguig in the Philippines, raised just $60m — almost entirely from Salmon’s $60m Series B, the region’s only major deal outside Singapore. Kuala Lumpur, George Town and Jakarta rounded out the top five, with none clearing $30m.
Two mega-rounds defined the half: Airwallex’s $320m Series H and Edena Capital’s $100m Series D together accounted for more than three-fifths of total capital raised, propelling Digital Remittance ($369m) and Investment Tech ($144m) to the top of the sector rankings. Late-stage funding held nearly flat at $451m, up 2% from the second half of 2025, while seed-stage investment climbed 32% from H2 2025 and 45% from H1 2025 to $78.1m.
Early-stage capital was the clear outlier, falling 28% from H2 2025 and 23% from H1 2025 to $153m, with Series A+ rounds down 20% year-on-year to 16. Acquisitions also slowed, dropping to six in H1 2026 — down from eight in H2 2025 and 11 in H1 2025 — while the region recorded no fintech IPOs for the half.
The largest deal by value was HCL Technologies’ $14.7m purchase of Finergic, followed by Western Union’s undisclosed-price acquisition of Dash; both target companies were based in Singapore.
