Singapore’s fintech sector drew just over $499 million in investment across 53 deals in the first half of 2026, according to KPMG’s Pulse of Fintech H1’2026 report, published August 28. That is down sharply from roughly $1.45 billion across 97 deals in the first half of 2025, and marks the weakest first half the country has recorded in close to a decade.

The decline was uneven within the half itself. A quiet first quarter brought in about $88 million across 26 deals, before activity rebounded to $411 million across 27 deals in the second quarter. That recovery rested almost entirely on a single $320 million round for a cross-border payments platform in June, which alone accounted for close to two-thirds of Singapore’s total…