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Singapore hits three-year-high for H1 fintech funding at US$2.14 billion but scores smaller total deal value compared to H2’21: KPMG Pulse of Fintech report

  • Global fintech market resilient in H1’22 at US$107.8 billion in investment
  • Asia-Pacific sees record US$41.8 billion of fintech investment in H1’22 – ahead of the US$39.4 billion seen in the Americas
  • Global VC investment drops to US$52.6 billion despite record US$16.6 billion in VC funding in EMEA
  • Singapore saw a modest increase in number of fintech deals funded across payments, cryptocurrencies, insurtech, wealthtech, and cybersecurity in H1’22 compared to H2’21. Most funded were Payments and Cryptocurrency deals.

SINGAPORE – Media OutReach – 6 September 2022 – Singapore’s fintech funding has hit a three year high for first-half-year (H1) performance snagging a combined deal value of US$2.14 billion across venture capital (VC), private equity (PE) and mergers & acquisitions (M&A), according to KPMG’s Pulse of Fintech H1’22 report. Compared to the same period last year, funding shot up 64 percent from the combined deal value US$1.31 billion achieved in H1’21, signalling continued confidence in the potential of fintech developments in driving growth and innovation for financial services.

On a half-yearly basis, Singapore’s fintech funding saw a 15 percent drop in H1’22 compared to the US$2.51 billion achieved in H2’21 due to greater caution by investors in reaction to market developments. Cryptocurrency funding in Singapore dipped by more than half its value from US$1.3 billion in H2’21 to US$539.1 million in H1’22 – this comes after record crypto investment inflows in 2021. Crypto attracted smaller deal sizes but a larger number of deals with a significant amount of startup funding (two thirds from seed and early-stage VC funding). The crypto space also saw a small amount of consolidation with seven exit or merger deals. Regtech also saw a drop in funding from US$66.63 million in H2’21 to US$23.34 million in H1’22. Investors chose to channel funds into payments – an area that has been demonstrating stable growth and developments, alongside more cross-border initiatives being forged. Hence, cumulative deal value for payments in Singapore close to tripled from US$263 million in H2’21 to US$946.61 million in H1’22.

H2’21 was the high watermark for funding and while H1’22 saw a lower cumulative deal value, funding in Singapore still remains healthy. Furthermore, H1’22 saw a modest increase in the number of fintech deals funded across payments, cryptocurrencies, insurtech, wealthtech and cybersecurity as compared to H2’21 (see Figure 1).

Figure 1: Singapore’s fintech deals in H1’22 and H2’21

H1’22 H2’21
Fintech Area No. of deals Cumulative Deal Value (millions) No. of deals Cumulative Deal Value (millions)
Reg Tech 4 US$23.34 10 US$66.63
InsurTech 4 US$34 3 US$1.20
WealthTech 2 US$200 1 US$29.60
PropTech 3 US$4 3 US$8.20
Cybersecurity 2 US$13.20 0 US$0.00
Payments 13 US$946.61 10 US$263
Cryptocurrency 59 US$539.10 50 US$1,300.40

Source: KPMG’s Pulse of Fintech H1’22 report

The half-yearly drop in Singapore was mirrored globally with investments in fintech lowered from US$111.2 billion across 3,372 deals in H2’21 to $107.8 billion across 2,980 deals in H1’22. However, the Asia-Pacific region saw total fintech investment more than double in H1’22 – from US$19.2 billion in H2’21 to a record US$41.8 billion in H1’22 – with the US$27.9 billion acquisition of Australia-based Afterpay by Block accounting for more than half of this total. Meanwhile, both the Americas and EMEA regions saw fintech investment dip – from US$59.7 billion to US$39.4 billion and from US$31.6 billion to US$26.6 billion respectively. In all, the Asia-Pacific region attracted US$41.8 billion, while the Americas attracted US$39.4 billion – of which the US accounted for US$34.9 billion, and the EMEA region attracted US$26.6 billion.

“2021 was a banner year for the fintech market globally, which makes the first half of 2022 seem slow by comparison,” said Anton Ruddenklau, Global Head of Financial Services Innovation and Fintech, KPMG International. “But in reality, many sectors within the fintech market have shown strength and resilience. While the fintech market will likely be quite challenged in H2’22 due to global uncertainty and broader economic concerns, fintechs will likely continue to attract significant attention and investment – if at lower levels than last year.”

Venture capital funding falls as investors pull back

Venture capital (VC) funding in Singapore fell 30 percent in H1’22 – companies in Singapore received US$1.38 million in funding in 107 transactions compared to US$1.97 million with 103 transactions in H2’21. In a year-on-year comparison, the first half of 2022 performed better than 2021 with US$1.02 million worth of investments. While the VC market experienced headwinds this year with investors pulling back in anticipation of interest rate hikes and geopolitical tensions, the VC fintech funding still remains resilient especially with robust seed funding.

Global VC investment also declined between H2’21 and H1’22 – from US$66.5 billion to US$52.6 billion. Compared to all periods outside of 2021, the amount was incredibly robust. The Americas accounted for the largest amount of VC funding (US$27.2 billion), while EMEA set a new record high for a six-month period (US$16.6 billion), led by the world’s two largest raises during the period: a US$1.1billion raise by Germany-based Trade Republic and a US$1 billion raise by UK-based Checkout.com.

US$27.9 billion Afterpay acquisition drives fintech investment in Asia-Pacific to new high at mid-year

Fintech investment in the Asia-Pacific region soared to an annual record high of US$41.8 billion with six months left in 2022, driven by Block’s US$27.9 billion acquisition of Australia-based Afterpay. The region saw several other large M&A deals, including the US$1 billion merger of Superhero and Swiftx in Australia, and the US$2.1 billion buyout of Yayoi by KKR in Japan. VC investment was spread throughout the region, including a US$690 million raise by Singapore-based Coda Payments, a US$300 million raise by Indonesia-based Xendit, and US$270 million and US$237 million raises by India-based fintechs Stashfin and Oxyzo. Fintech investment in China remained soft in H1’22, with the largest fintech deal in the country a US$140 million raise by Fenbeitong.

US accounts for US$34.9 billion of the US$39.4 billion of fintech investment in the Americas in H1’22

The US attracted US$34.9 billion of fintech investment, including US$23.5 billion in VC investment, compared to US$39.4 billion in total investment and US$27.2 billion in VC investment seen across the Americas as a whole. The US attracted the Americas region’s largest deals of H1’22, including the US$2.6 billion buyout of Bottomline Technologies by Thomas Bravo, the US$1.2 billion buyout of SimpleNexus by nCino, the US$1.1 billion acquisition of Technisys by SoFi, and the US $748 million VC raise by Ramp. Outside of the US, most jurisdictions saw fintech investment drop; Brazil saw fintech investment fall from US$3.7 billion in H2’21 to US$1.4 billion in H1’22, while Canada saw investment plunge from US$1.9 billion to US$810 million during the same period.

EMEA region sees major decline in M&A, but record VC funding

Fintech investment in the EMEA region dropped from US$31.6 billion in H2’22 to US$26.6 billion in H1’22, driven largely by a 50 percent decline in M&A deal value (from US $15.7 billion in H2’21 to US $7.2 billion in H1’22). The region saw only two US$1 billion+ M&A deals during H1’22: the US$3.9 billion merger of Italy-based Nexi and SIA and the US$1.8 billion acquisition of UK-based Interactive Investor by Abrdn. While M&A declined significantly, VC investment in the region grew to US$16.6 billion in H1’22 – slightly eclipsing the previous record high of US$16.5 billion set in H1’21. EMEA also saw a record of US$2.7 billion in PE funding in H1’22, including a quarterly record of US$2.1 billion in Q1.

Payments space remains dominant among fintech subsectors

Investment in the payments space was incredibly strong in H1’22, accounting for US$43.6 billion compared to the US$60.3 billion seen during all of 2021. In addition to the mega acquisition of Afterpay by Block (formerly Square) for US$27.9 billion, the payments space also saw the US$2.6 billion buyout of Bottomline Technologies by PE firm Thomas Bravo, and a US$1 billion VC raise by UK-based Checkout.com.

Cybersecurity still a key focus for fintech investors

Interest in cybersecurity remained very strong at mid-year, with US$1.2 billion in investment globally, including four big raises in the US: a US$550 million raise by Fireblocks, a US$170 million raise by Chainalysis, and US$100 million raises by TokenEx and Cowbell Cyber. In March, Google also announced plans to acquire incidence response company Mandiant for US$5.2 billion. If completed, the deal would singlehandedly break 2021’s record US$5.2 billion in global cybersecurity investment.

Uncertain future ahead

H1’22 saw numerous challenges affect the broader investment market, including geopolitical uncertainty, turbulence in the public markets, and rising inflation and interest rates. With no end in sight to many of these challenges, the fintech market could see activity slowing considerably – particularly compared to the major record highs seen in 2021. While fintech investment is expected to remain somewhat resilient – particularly in areas like B2B payments, cybersecurity automation, and data-driven analytics – deals could take longer to complete as investors become more critical of opportunities.

“With valuations coming under pressure, fintech investors are going to enhance their focus on cash flow, revenue growth, and profitability – which could make it more difficult for some fintechs to raise funds,” said Anton. “M&A activity, however, could see an uptick as struggling fintechs look to sell rather than holding a downround, corporate and PE investors move to take advantage of better pricing, and well-capitalized fintechs look to take out the competition.”

H1’22—Key Global and Regional Highlights

  • Global investment in fintech dropped from US$111.2 billion across 3,372 deals in H2’21 to US$107.8 billion across 2,980 deals in H1’22. The Asia-Pacific region attracted US$41.8 billion, while the Americas attracted US$39.4 billion – of which the US accounted for US$34.9 billion, and the EMEA region attracted US$26.6 billion.
  • Global VC investment declined from US$66.5 billion in H2’21 to US$52.6 billion in H1’22. The Americas attracted US$27.2 billion in investment, while EMEA attracted a record US$16.6 billion, and the Asia-Pacific region saw US$8.7 billion.
  • Global M&A activity was strong in H1’22, with US$49.1 billion in deal value, including US$31.8 billion in the Asia-Pacific, US$10.1 billion in the Americas, and US$7.2 billion in the EMEA region.
  • Global PE investment remained steady, with US$6.1 billion in investment in H1’22, including US$2.7 billion in EMEA, US$2 billion in the Americas, and US$1.3 billion in the Asia-Pacific.
  • Corporate-participating investment accounted for US$25.9 billion in investment during H1’22, including US$13.1 billion in the Americas, US$8 billion in EMEA, and US$4.7 billion in the Asia-Pacific.
  • Payments accounted for US$43.6 billion of investment in H1’22, while crypto and blockchain attracted US$14.2 billion, regtech attracted US$5.6 billion, and insurtech saw US$3.8 billion.
  • Global investment in the insurtech sector dropped to US$3.8 billion in H1’22 – far off pace to match the US$14.8 billion in investment seen during 2021.

Hashtag: #KPMG

The issuer is solely responsible for the content of this announcement.

About KPMG International

KPMG is a global organization of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organization or to one or more member firms collectively.

KPMG firms operate in 144 countries and territories with more than 236,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities.

KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

For more detail about our structure, please visit home.kpmg/governance.

Nestlé showcases Harvest Gourmet, a versatile range of plant-based tasty goodness specially curated to suit the Asian palate at FHA 2022 with the focus on expanding its local and export markets

SINGAPORE – Media OutReach – 6 September 2022 – Nestlé’s plant-based product range, Harvest Gourmet, continues to expand its market presence in Singapore and aims to increase its exports to markets comprising ASEAN countries, Hong Kong, Japan as well as other potential countries outside of Asia.

Mr Alvin Tan, Minister of State for Trade and Industry & Culture, Community and Youth (centre), flanked by Mr Nikhil Chand, Managing Director of Nestlé Singapore (right) and Mr Chow Phee Chat, Regional Head – Marketing, Communication and Innovation Nestlé Malaysia & Singapore (left).

Mr Alvin Tan, Minister of State for Trade and Industry & Culture, Community and Youth (centre), flanked by Mr Nikhil Chand, Managing Director of Nestlé Singapore (right) and Mr Chow Phee Chat, Regional Head – Marketing, Communication and Innovation Nestlé Malaysia & Singapore (left).

The Harvest Gourmet range presents a wide variety of easy-to-prepare products which offers tasty meals or snacks such as cutlets and burger patties, and the recently-introduced nuggets. Its range also offers the stir fry and chargrilled products which are suitable as a plant-based protein alternative in application for a wide variety of dishes, especially for out-of-home customers. The Harvest Gourmet plant-based product range is currently showcased at Asia’s largest food and beverage event, the Food & Hotel Asia (FHA) 2022, held in Singapore from September 5 to 8, 2022.

Mr Nikhil Chand, Managing Director of Nestlé Singapore, said, “In recent years, there is a consumer shift towards pursuing a plant-based lifestyle for health improvements or more socially responsible consumption pattern which respects the environment and our planet.

In meeting the needs and demands of this food revolution, our Harvest Gourmet range offers a great tasting plant-based alternative to meat and meat-based food especially for flexitarians who are looking for ways to reduce their meat consumption without compromising on taste -for themselves as well as for their families. Nestlé is committed to developing healthy, plant-based, vegan-friendly products, built on innovation and sustainability to cater to this emerging marketplace,” said Nikhil.

During the walkabout at the Food & Hotel Asia (FHA) 2022 showcase, Mr Alvin Tan, Minister of State for Trade and Industry & Culture, Community and Youth visited the Harvest Gourmet booth and was treated to sampling of the Harvest Gourmet nuggets. At the same event, Harvest Gourmet also features two unique offering – the Harvest Gourmet Nuggets with Lemon Chilli Mayo and Barbeque Ketchup Sauce and the Harvest Gourmet Hainanese Cutlet with Truffle Pearl Rice – at the Alternative Protein Asia New Protein Bites Tasting Bar.

Harvest Gourmet sources ingredients locally as well as from all over the world, which includes soy protein, wheat, herbs and spices, fruits and vegetables concentrate and vegetable oils. From a nutritional perspective, plant-based food in general can be a good source of protein, vitamins, minerals, dietary fibre and healthy fats.

“We will continue to work closely with our dedicated R&D team which comprises of plant-based experts, nutritionists and chefs in Singapore to bring to life a range of products where taste feels good, is preservatives-free and also sustainable – in line with Harvest Gourmet’s brand promise of ‘Eat Good, Feel Good’. Our presence in Singapore aims to support the country’s vision to become a leading food and nutrition hub and achieve long-term food resiliency,” added Nikhil.

Harvest Gourmet products are manufactured in Malaysia with the strictest manufacturing standard and is Halal certified. Those keen to know more can visit the Harvest Gourmet booth at Hall 1, 1L4-01

(Food & Hotel Asia 2022 at Singapore Expo, 1 Expo Drive) or log on to www.nestleprofessional.com.sg/brands/harvest-gourmet

Hashtag: #Nestlé

2023 MDRT Executive Committee Delivers Expanded Member Resources for a Post-Pandemic World

PARK RIDGE, Ill. – Media OutReach – 6 September 2022 – The 2023 MDRT Executive Committee takes on a global post-pandemic mission, as Peggy Tsai, RFP, CCFP, takes her place as 97th President and John Nichols, MSM, CLU, joins as Secretary. The Executive Committee will equip financial services professionals around the world, and at all stages of their careers, with the tools they need to succeed in the years and decades ahead.

MDRT-Image.jpeg

2023 MDRT Executive Committee
From left to right: Carol Kheng, Greg Gagne, Peggy Tsai, Randy Scritchfield, John Nichols

Tsai, a 21-year member and the first MDRT President from Asia, succeeds 38-year member Randy Scritchfield, CFP, LUTCF, who will become the Immediate Past President. Gregory Gagne, ChFC, a 23-year member, and Carol Kheng, ChFC, a 24-year member, will move into their new roles as First and Second Vice Presidents while Nichols, a 22-year member, will serve as Secretary.

The 2023 Executive Committee will focus on delivering tailored, personalized resources to support members around the world. After the successful return of in-person gatherings for the 2022 MDRT Global Conference in Sydney and Annual Meeting in Boston, USA, MDRT is committed to safe, in-person 2023 gatherings in Singapore and Nashville, USA. To help members stay connected between meetings, and exchange innovative ideas from various global markets, the MDRT App now allows direct messaging between MDRT members across the globe in eight languages. To keep members up to date on post-pandemic trends and best practices, MDRT will continue to provide localized educational content from MDRT members’ collective knowledge and events, along with MDRT Study Groups, mentorship resources and networking opportunities.

MDRT will also continue to empower financial services professionals across all stages of their careers through the MDRT Family of Brands, including MDRT; the MDRT Academy for advisors seeking to achieve MDRT-levels of production; and MDRT Global Services for home and field office leaders seeking to boost their leadership skills and foster an MDRT culture of excellence in their firms. The 2023 Executive Committee will oversee the expansion of MDRT Academy and MDRT Global Services to additional markets, especially in the Asia-Pacific region.

“Client expectations of financial services professionals are growing at an increasingly fast rate, which makes the support of a global peer network more critical than ever to facilitate shared learning, mentorship and growth,” Tsai said. “MDRT stands poised to deliver new and renewed in-person and digital resources, to propel our members towards even greater levels of success as they navigate accelerating digitalization, shifting best practices and an increased pace of new regulations.”

Tsai brings a valuable global perspective, including experience in the Mainland China insurance market, to the presidency along with eight Court of the Table and seven Top of the Table qualifications. Her extensive MDRT volunteer history includes serving as Divisional Vice President of the MDRT Membership Communications Committee (MCC) Division 2, MCC Region Chair and MCC Zone Chair. Tsai is also a Diamond Knight of the MDRT Foundation and has presented and volunteered at numerous MDRT meetings.

Newcomer Nichols, who has two Court of the Table and 15 Top of the Table qualifications, has been deeply involved with MDRT and the MDRT Foundation for over a decade, serving as the Foundation’s 2022 president and achieving the rank of Royal Order Excalibur Knight. He also served as a Global Council Member of the MDRT Membership Division and as Chair of the MDRT Bylaws and Ethics Committee. Nichols is a widely recognized expert on disability insurance and a past president of NAIFA.

Hashtag: #MDRT

The issuer is solely responsible for the content of this announcement.

About MDRT

Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals®, is a global, independent association of the world’s leading life insurance and financial services professionals from more than 500 companies in 70 nations and territories. MDRT members demonstrate exceptional professional knowledge, strict ethical conduct and outstanding client service. MDRT membership is recognized internationally as the standard of excellence in the life insurance and financial services business. For more information, please visit and follow them on Twitter .

Top Digital Marketing Group in Asia, Acquires ‘Bizgital’ a Digital Marketing Company in Laos

Top Digital Marketing Group in Asia, Acquires ‘Bizgital’ a Digital Marketing Company in Laos

FSN ASIA, subsidiary of FSN (listed in KOSDAQ), has acquired ‘Bizgital’ (digital marketing company in Laos) and will expedite its expansion in Southeast Asia markets.

Russian Tourists Likely to Transit Through Laos to Get to Thailand

Thailand arrivals
Passengers arriving at Suvarnabhumi airport (Photo: Wichan Charoenkiatpakul)

The lack of frequent flights from Moscow to Phuket may lead to many Russian tourists trying out a new route this year. 

Give your child a safe break from school this September holidays with Arlo

Keep an eye on your child at home from afar with Arlo’s industry-leading home security cameras

SINGAPORE – Media OutReach – 6 September 2022 – School holidays are certainly fun for students, but for working parents or those who are not home often, it can be an added source of anxiety leaving their children at home unsupervised.

With September holidays in full swing, Arlo’s industry-leading smart home security cameras will deliver much-needed peace of mind to parents seeking an extra pair of eyes to watch over their kids while protecting their property from intruders. The extensive range of options for both indoor and outdoor settings also give parents the ability to choose just the right monitoring solutions for their specific needs and budget.

Arlo Essential Wireless Indoor Security Camera

The Arlo Essential Wireless Indoor Security Camera makes an ideal monitoring solution for parents wishing to keep an eye on what their child gets up to at home, offering 1080p HD video with enhanced night vision, a 130-degree diagonal field-of-view, motion and audio detection and full-duplex audio for two-way conversations. It comes with a built-in siren as an added safety measure, which can be triggered automatically or manually from the Arlo app, to help you detect unusual sound or motion.

The Arlo Essential Wireless Indoor Security Camera is also equipped with an easy-to-control automated privacy shield that covers the camera lens. Aimed and designed to ease users’ privacy concerns, this reassuring feature gives you the power to decide when their camera is monitoring a room and recording video and audio and when it is not.

Arlo Pro 4 Wireless Security Camera

Unwanted guests and intruders are another source of potential danger for children staying home alone. The Arlo Pro 4 Wireless Security Camera features advanced technologies including 2K HDR video quality, an integrated spotlight with colour night vision and a 160-degree field of view to deliver superior video quality, to help you maintain a watchful eye over areas surrounding your house, including your garden or front door. Its two-way audio function allows you to interact with your child at home, while the built-in smart siren will alert you to unusual sound or motion. You can set up the Pro 4 as a standalone security solution, or as part of an existing Arlo ecosystem. The wire-free setup with a magnetic mount and a weather-resistant design mean the Pro 4 can easily be installed both indoors and outdoors, making it a versatile and effective monitoring solution for your needs.

For more information of Arlo products and accessories, please visit https://kaira.arlostore.sg/.

Hashtag: #Arlo

About Arlo Technologies, Inc.

Arlo is the award-winning, industry leader that is transforming the way people experience the connected lifestyle. Arlo’s deep expertise in product design, wireless connectivity, cloud infrastructure and cutting-edge AI capabilities focuses on delivering a seamless, smart home experience for Arlo users that is easy to setup and interact with every day. The company’s cloud-based platform provides users with visibility, insight and a powerful means to help protect and connect in real-time with the people and things that matter most, from any location with a Wi-Fi or a cellular connection. To date, Arlo has launched several categories of award-winning smart connected devices, including wire-free smart Wi-Fi and 4G LTE-enabled security cameras, audio and video doorbells, and floodlight.

With a mission to bring users peace of mind, Arlo is as passionate about protecting user privacy as it is about safeguarding homes and families. Arlo is committed to supporting industry standards for data protection designed to keep users’ personal information private and in their control. Arlo doesn’t monetize personal data, provides enhanced controls for user data, supports privacy legislation, keeps user data safely secure, and puts security at the forefront of company culture.

Citi Appoints Vicky Kong as Consumer Business Manager for Hong Kong

HONG KONG SAR – Media OutReach – 6 September 2022 – Citigroup Inc. (NYSE: C) – Citi announced today the appointment of Vicky Kong as Consumer Business Manager for Citibank Hong Kong and the Chief Executive of Citibank (Hong Kong) Limited, effective immediately. In this role, Vicky will oversee Citi’s overall consumer banking business in Hong Kong, including the wealth strategy. She will report to Angel Ng, Head of Asia, Citi Global Wealth and Aveline San, Chief Executive Officer for Citi Hong Kong and Macau.

Vicky began her career at Citi as a Management Associate, and progressed to roles in Retail Banking, Wealth Management and International Personal Banking. Before rejoining Citi, her most recent roles were Standard Chartered Bank’s Regional Head of Wealth Management, for Greater China, North Asia and Hong Kong, and Global Head of Wealth Proposition.

Commenting on the appointment, Angel Ng, Head of Asia, Citi Global Wealth said, “We are very pleased to have Vicky return to Citi, with her extensive management experience in retail banking and wealth management at local, regional and group level. There is no doubt that the wealth and consumer business will continue to grow and thrive as markets undergo rapid changes and people are putting more and more focus on managing their wealth. We are energized for the future and I truly believe that Vicky will lead the experienced and diverse consumer team to ever greater success as one of the Group’s wealth management hubs, and will drive forward our ongoing digital transformation journey.”

Angel added, “At Citi, we are always committed to attracting, promoting and retaining talent. Vicky has been with Citi for 14 years in her early career path, we welcome her home to take on a role that is invaluable to us as we continue to build and expand our consumer and wealth business.”

Please click here to download Vicky Kong’s bio and photo.

Hashtag: #Citi

The issuer is solely responsible for the content of this announcement.

About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at | Twitter: | YouTube: | Blog: | Facebook: | LinkedIn:

Bybit Next Level 2022 — Becoming the ‘Crypto Ark’ of the World

VICTORIA, Seychelles – Media OutReach – 6 September 2022 – Ben Zhou, co-founder and CEO of Bybit, the third most visited cryptocurrency exchange in the world, celebrated a stream of new products and milestones in his mid-year review. He also shared details of new product arrivals at Bybit including a debit card, and wallet.

Recent Significant Milestones

  • 10 million users in 160 countries. In August 2022, Bybit reached a total of 10 million users, a huge milestone for the fast-growing crypto exchange.
  • Supporting 16 languages. Bybit strode toward becoming a global crypto exchange, and now supports trading in 16 languages, as well as 24/7 customer support available in 13 languages.
  • The Third Most Visited Crypto Exchange. Bybit was the third most visited crypto exchange every month of 2022.
  • Established 12 country-specific teams. Bybit is determined to be the crypto ark for the world and its 12 local market teams saw 5x quarterly growth on average across local markets:
    • 27% growth in Mexico
    • 346% growth in Argentina
    • 109% growth in Vietnam
    • 255% growth in Brazil
  • Deepening partnerships. In 2022, Bybit became the principal crypto partner for the outstanding F1 team Oracle Red Bull Racing. Bybit launched several NFTs with Oracle Red Bull Racing, including the Playseat Auction at the Monaco Grand Prix where the winner won the physical playseat and an NFT playseat.
  • Global sponsorships: Bybit continued its existing sponsorship with top-tier German football club Borussia Dortmund (BVB), and Japanese J League football club Avispa Fukuoka. The crypto exchange also added MIBR, the biggest esports team in Brazil, to its list of esports teams, which include NAVI and Astralis.
  • Giving back: After a record-breaking turnout to Bybit’s annual World Series of Trading competition, Bybit was able to pledge $900,000 in BTC to UNICEF from the WSOT prize pool. The funds will aid digital learning for kids in East Asia and the Pacific, and augment STEAM education for girls in Vietnam.


The Latest on Bybit’s Products & Services

  • Bybit Card. The Bybit debit card is coming soon! It will allow users to pay for goods and services with stablecoins such as USDC. Bybit will partner with a major debit card provider to allow access to crypto payments around the world.
  • Web3 Aggregator and Wallet. The Bybit team is working on a web3 Aggregator, which will show users the hottest projects in DeFi, and contain tutorials to help onboard new users. It will work in conjunction with the Bybit Wallet, another hotly anticipated product coming soon.
  • Options Trading. In 2022, Bybit released the first-in-market USDC Options trading and settlement. The stablecoin-margined options contract allows users to trade BTC, ETH, and SOL crypto options conveniently using USDC.
  • Futures and Perpetuals. Bybit’s flagship product — which includes perpetual and expiration futures — has continued to succeed massively in 2022. On average, there were 200,000 active daily traders on Bybit’s derivatives platform generating an average daily trading volume of over $10 billion.
  • Fiat On-Ramps. Bybit improved access to crypto for users all around the world by supporting crypto purchases with 30 different fiat currencies. Usage of this feature is up nearly 6x since launch, with nearly 24,000 transactions per month.
  • Launchpad and Launchpool. Bybit is an incubator for promising web3 products. In 2022, nearly 850,000 Bybit clients participated in Launchpad token launches.
  • Spot Trading. In 2022, Bybit expanded its spot pair listings and now features 260 trading pairs allowing users to go further in trades and enjoy maximum profitability due to Bybit’s significant market depth and best-in-class liquidity.
  • Grid Trading Bot. Grid trading bots are a brand new edition to Bybit’s line-up with an already available bot for the spot market, and a derivatives trading bot coming very soon.

“We are here so people can take advantage of what the world of web3 can offer,” said Zhou, during the session. “Whether you’re after the financial freedom, whether you’re after the tech innovation, or whether you’re using crypto to hedge a risk either with your local fiat or because of the pandemic. We are here to build adoption-ready products to help our users go into the world of crypto. Our mission is to empower crypto believers to achieve their dreams.”

Hashtag: #Bybit

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR), City Esports, and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

For more information please visit:

For updates, please follow Bybit’s social media platforms on