Funding for Asean fintechs surging, with Singapore getting lion's share of outfits
Asean as an engine of economic growth and its prosperity have caught the eye of global investors
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FUNDING for fintechs in Asean is surging, fuelled by the potential of the region's young and underbanked population.
Reflecting Asean's demographics, payments and mobile wallets are attracting the highest level of funding in Asean, registering a 10-fold increase from US$8 million in 2012 to US$83 million in 2015, according to a State of FinTech in Asean report.
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