News on November 10th, according to reports issued on Wednesday by the United Overseas Bank of Singapore, PricewaterhouseCoopers and the Singapore Fintech Association.
Fintech financing in Southeast Asia in the first nine months of this year has more than tripled compared with the entire year of last year, reaching a record US$3.5 billion.
A total of 167 transactions were involved, of which 13 super financings of more than US$100 million contributed US$2 billion. The payment field attracted the most funds, followed by the tech and crypto fields.
Singapore’s financing amount of 1.6 billion US dollars accounted for nearly half of the regional financing amount. This includes six super financings totaling US$972 million. This is followed by Indonesia ($904 million) and Vietnam ($375 million).