Access to funding or connecting to right investors is one of the key bottlenecks for fast-growing economy across various sectors. The entrepreneurial spirit in these economies are fueled by the burgeoning middle-class incomes and staggering rate of internet penetration. For ASEAN enterprise communities consisting of start-ups, SMEs, and growth enterprises, such investments got robust framework in Singapore FinTech Festival 2018, one of the largest platforms for global financial technology companies. The third edition that was concluded on July 31, 2018 supported a deal-making platform that is expected to bring in huge investments in 2019 not just for the fintech sector but also for the healthcare, information and communications technology, and medical technology.
As many as 380 investors intend to invest a total of US$12.2 Bn in ASEAN enterprises, with US$6.2 billion alone next year, as revealed by the Monetary Authority of Singapore (MAS) on October 22. The capital from the investors exceeds the demand for funds from enterprises in various sectors.
Start-Ups and Growth Enterprises Mapped to Right Private Investors in Singapore FinTech Festival
MATCH (Meet Asean’s Talents and Champions), the new component of Singapore FinTech Festival, has been introduced for meeting the objective of match making wherein start-ups and growth enterprises in the ASEAN community are matched with investors, private equity as well as venture capital. During May to September, this deal-making generated 17,000 matches mapping 380 investors with 840 enterprises. A growing number of private investors are interested in growth stage enterprises and start-ups in ASEAN.
ASEAN Enterprises appear Potentially Promising
MATCH is powered by Ernst & Young and numerous industry consortium. The earmarking of massive funds reiterates the trust of private capital on promoting ASEAN enterprises. The next edition which is scheduled to happen from 12 to 16 November this year will focus on enterprises and investors and will discuss facets such as capital raising strategies, supporting businesses beyond borders, and outlook of key investors in emerging economies such as India and China.