Southeast Asia’s FinTech sector raised $776m in the first half of 2025, with Singapore accounting for a staggering 88% of the total, as revealed by Tracxn’s latest report. This marks a 31% increase from the $593m raised in the second half of 2024, although it represents a 22% decline from the $1b raised in the first half of 2024. The surge in funding was primarily driven by late-stage investments, which saw a significant 113% rise compared to the previous half-year.
Late-stage funding reached $558m, overshadowing the declines in seed and early-stage investments, which fell by 50% and 27% respectively. Notably, three companies—Thunes, Airwallex, and Bolttech—each secured over $100m in funding rounds, highlighting the continued investor interest in mature FinTech firms.
The report also noted a slowdown in acquisition activity, with only nine acquisitions in H1 2025 compared to 11 in H2 2024. ASCENT’s acquisition by KFin Technologies for $34.7m was the highest-valued deal of the period. Despite the overall decline in early-stage investments, Singapore’s dominance in the FinTech landscape remains unchallenged, with the city-state leading the region’s funding activities.
Looking ahead, the sustained interest in late-stage FinTech investments suggests a focus on established players, whilst the creation of new unicorns remains stagnant. The presence of major investors such as East Ventures, Y Combinator, and 500 Global continues to shape the funding landscape in Southeast Asia.
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