Q3 Apac fintech funding hints at nascent recovery
S-E Asia had highest fintech funding, suggesting that investors are seeking regional opportunities: S&P report
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THE Covid-19 pandemic has taken a toll on investments in Asia-Pacific's (Apac) private financial technology (fintech) companies, but recent data suggests that a recovery might be in sight, according to a report by S&P Global Market Intelligence.
Fintechs based in the region raised a combined US$3.9 billion over the first three quarters this year, down 46 per cent from the same period a year ago, while deal volume tumbled 20.5 per cent to 318, S&P Global noted on Thursday.
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