Half of fintech investments in SEA are from Singapore – Robocash
Indonesia comes second with $20.8b.
Singapore led in terms of fintech investments amongst Southeast Asian countries with $31.3b, according to a Robocash Group analysis.
Indonesia comes second with $20.8b, driven by demand and industry maturity.
Other nations received smaller funding, like Vietnam with $3.8b. Singapore led in funded rounds (5,416), followed by Indonesia (3,248) and Malaysia (906).
The analysis studied 10 Southeast Asian countries using Tracxn data.
ALSO READ: Asian fintechs to outpace global competitors; China posts tepid growth
Between 2000 and 2023, fintech firms in the region attracted $62.7b, originating from 80 global countries, highlighting wide investor interest.
USA investors dominated, providing $6.7b (10.6%), with Singapore close at $6.4b (10.2%).
Singapore also led in rounds (1,889) compared to US' 1,449, showing broader interest. Indonesia took third (986 rounds), mostly domestic (56%), akin to Singapore (54%).
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