Foreign direct investment (FDI) in financial services and fintech held up well in Singapore last year, despite the economic fallout from the Covid-19 pandemic.
The city state attracted 53 financial services and fintech projects in 2020, a slight drop from the 59 projects it attracted in 2019. Meanwhile, capital investment in Singapore increased from $1.18bn to $1.2bn in 2020, according to greenfield data monitor fDi Markets.