Asia-Pac fintech funding up 9% in Q2 as investors set sights on Asean, Australia: S&P

Singapore

FUNDING for fintechs in the Asia-Pacific grew 9.1 per cent in the second quarter as investors shifted their bets to firms in Australia and South-east Asia.

While firms in India accounted for 42.9 per cent, or US$543.4 million, of the region's total investments in the first quarter, funding fell to US$339 million in Q2 as the Indian government continues to clamp down on foreign investments, according to a report by S&P Global Market Intelligence.