The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source
Published Thu, Nov 16, 2017 · 09:50 PM
    Funding rise

    Singapore

    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.

    AseanFintechUOBSingapore FinTech Festival 2017

    TRENDING NOW

    Employees may grumble about long hours, difficult clients or demanding deadlines, but often the biggest push factor is how they are treated.

    What makes a good job? Feeling that you matter

    Faishal Ibrahim has resigned from political office.

    Faishal Ibrahim resigns over online messages with a female member of the public

    Alibaba’s Qwen alone has overtaken Meta’s Llama to become the most downloaded open-source model family in history.

    When the disruptor gets disrupted: How Chinese open-source AI is eating its own industry

    CapitaLand Integrated Commercial Trust is spending S$160 million to revamp Plaza Singapura and The Atrium@Orchard.

    Retail resets: Mall owners reposition shopping centres as Singapore’s consumer landscape evolves

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More