APAC fintech funding hits YOY record high; Singapore bank loans to grow

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Editor's Pick

Q1 APAC fintech funding hits YOY record high, but slowdown around the corner

Financial technology companies based in Asia-Pacific raised $3.33 billion over 186 deals in the first quarter of 2022, surpassing previous deal values and volumes observed in the March quarter over the past three years.

Digital lenders, the fintech segment that the pandemic hit hardest, appear to be back in vogue, topping all other fintech categories with $1.28 billion raised across 52 deals.

Financials

Michigan credit union strikes 7th CU-bank deal of 2022 with Florida bank buy

DFCU Financial plans to acquire First Citrus Bancorp. Inc., the seventh credit union acquisition of a bank announced this year — and one of the most expensive.

Singapore bank loans to grow as Southeast Asia reopens after pandemic

Singapore's banks are likely to see faster loan growth and improved profitability as Southeast Asian economies open up for business and travel after two years.

Energy and Utilities

Hydropower generation in Pacific Northwest continues YOY increase in April

Data from the U.S. Army Corps of Engineers shows that total net generation at 23 hydroelectric plants across the Pacific Northwest in April was 4.3% above the year-ago level but 37.7% below the 10-year average as it reached 4.22 million MWh. That figure is down 37.2% from March.

Technology, Media and Telecommunications

Southeast Asia's telcos to look to tower, tech deals as 5G rollout costs add up

Southeast Asia telcos will likely step up tower sales to help pay for 5G upgrades and make further tech investments as the sector settles down after a wave of operator mergers.

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