Singapore accounts for 50% of all fintech investment in SEA
Analysts of Robocash Group have considered investment activity in Southeast Asia. According to the analysts, Singapore is the most attractive country in the region for investment in fintech.
Between 2000 and 2023, the country's fintech industry has attracted $31.3 billion, which is half of the total in the entire Southeast Asia region.
The analysis considered 10 countries of Southeast Asia based on data from Tracxn. From 2000 to 2023, fintech companies in Southeast Asia attracted $62.7 billion. The funds originated from 80 countries of the world, which confirms the global interest of investors.
The first place by investment attractiveness in SEA is taken by Singapore. The country's fintech attracted $31.3 billion. According to the analysts, one of the reasons for such an interest of investors is that Singapore provides an opportunity for businesses to expand to other markets.
The second place is taken by Indonesia ($20.8 billion), which is explained by high demand for fintech in the country and maturity of the industry's infrastructure.
According to Robocash, the rest of the countries show much smaller funding volumes. For example, Vietnam, which continues the list, attracted only $3.8 billion. As for the number of funded rounds in the region, the situation is similar: the leader is Singapore (5416 rounds), followed by Indonesia (3248) and Malaysia (906).
Speaking about the origin of investors who invested in the regions fintech, the USA showed the highest activity. The volume of funding coming from the country amounted to $6.7 billion - 10.6% of the total. Investors from Singapore provided almost the same funding of $6.4 billion (10.2%).
As for the number of rounds, Singaporean investors remain the leaders having funded 1889 rounds compared to 1449 for the USA.
So, with almost the same volumes of fintech investments, Singapore shows interest in a bigger number of companies.
The third place is taken by Indonesia (986 rounds), where the majority of funded rounds are domestic (56%), similar to Singapore (54%).
Robocash says Singapore and Indonesia have confirmed their status as regional fintech leaders. This is also the case regarding the number of unicorn companies. Focused primarily on domestic markets, Singaporean and Indonesian investors act with lower risks and have a chance to assess the potential of fintech companies more accurately, the company says.
This provides opportunities for the rapid development of national fintech.
Robocash Group is a group of companies, which provides FinTech services in Asia and Europe. Founded in 2013, the Group focuses on providing financial solutions for the underserved by the traditional banking system.
All products of the Group are built completely in-house using artificial intelligence, machine learning and data-driven technologies to provide precise and comprehensive risk management, comfort and speed for customers and efficiency for business.