Over 1,000 attendees, comprising investors and start-ups, turned up at the Singapore Fintech Festival’s Investor Summit, and up to $2 billion of capital was made available for the start-ups. What next?
The Investor Summit or ‹Deal Day› at this year's Singapore Fintech Festival (SFF) was the final of the four-month long matchmaking programme to provide opportunities for fintech start-ups to access funding from local and global investors.
- More than 1,000 fintech start-ups and 400 investors indicated interest to participate in the process and 525 connections were made among interested parties.
- The Investor Summit, powered by Ernst & Young (EY), was organised by the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore, as part of the 2017 SFF. The Investor Summit wrapped up the week-long SFF which saw more than 30,000 participants from over 100 countries.
«The fundraising process for start-ups can be a long and arduous process. On the other side of the table, the challenge for investors is to generate quality prospects aligned to their investment objectives. ‹Deal Day› aimed to provide a platform for fintech start-ups to connect to investors. I am delighted that we have managed to facilitate a considerable number of matches, and kickstarted promising conversations. I am hopeful that concrete deals will emerge from these connections,» Sopnendu Mohanty, Chief Fintech Officer of the MAS said.
