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THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
economy-ss-8
Inflation Update: Weak demand softens shocks
July 4, 2025 DOWNLOAD
948 x 535 px AdobeStock_433552847
Economic Updates
Monthly Economic Update: Fed cuts incoming   
June 30, 2025 DOWNLOAD
equities-3may23-2
Consensus Pricing
Consensus Pricing – June 2025
June 25, 2025 DOWNLOAD
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Economy 2 MIN READ

Fintech funding in Southeast Asia triples to record $3.5 bln this yr – report

November 10, 2021By Reuters
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SINGAPORE, Nov 10 (Reuters) – Financial technology (fintech) funding in Southeast Asia jumped more than three times in the first nine months of this year compared with full-year 2020, reaching a record $3.5 billion, a report showed on Wednesday.

The rebound was driven by 167 deals including 13 mega rounds, which accounted for $2 billion of the total funding, according to the report by United Overseas Bank UOBH.SI, PwC Singapore and the Singapore FinTech Association (SFA).

Mega rounds are those which raise $100 million or more.

Late-stage fintech firms, or those in their series C funding and beyond, garnered most interest, with involvement in 10 of 13 mega rounds this year, as investors took a more risk-adverse approach during the pandemic by backing more established firms, the report said.

The payment sector attracted most funding due to greater use of digital payments. Tech and cryptocurrency firms saw the highest growth this year, ranking second and third place respectively.

Singapore, Southeast Asia’s financial hub, accounted for nearly half of the region’s deals at $1.6 billion, including six mega rounds worth a combined $972 million.

The next most active was Indonesia, the region’s most populous country, with $904 million raised, followed by Vietnam at $375 million.

(Reporting by Chen Lin; Editing by Martin Petty)

((Lin.Chen@tr.com; Twitter @chenlin_sg;))

This article originally appeared on reuters.com

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