Singapore has emerged as the leading hub for FinTech investments in Southeast Asia, capturing a significant 84% of the total $839m raised in the region during the first nine months of 2025, according to the Tracxn Geo Funding Trends Report. Despite a notable decline in overall funding compared to previous years, Singapore’s dominance underscores its pivotal role in the sector.
The report highlights a 39% decrease in total funding from $1.4b in the same period in 2024, and a 56% drop from $1.9b in 2023. Seed-stage funding saw a sharp decline, with only $62.3m raised, marking a 63% decrease from 2024. Early-stage funding also fell significantly to $219m, a 66% drop from the previous year. However, late-stage funding remained stable at $558m, consistent with 2024 figures.
Notably, the region witnessed three significant funding rounds exceeding $100m, involving companies such as Thunes, Airwallex, and Bolttech. These rounds highlight continued investor confidence in select growth-stage FinTech firms. Additionally, Southeast Asia recorded two initial public offerings (IPOs) in 2025, doubling the number from the previous year, with Antalpha and TCBS going public.
Investor activity remained robust across all stages, with Iterative, 500 Global, and 1337 Ventures leading seed-stage investments. Peak XV Partners and Citi Ventures were prominent in early-stage funding, whilst DST Global Partners and Unbound focused on late-stage investments.
The report indicates a contraction in overall funding activity, driven by declines in seed and early-stage investments. However, Singapore’s continued dominance and strategic mergers and acquisitions, such as KFin Technologies’ acquisition of ASCENT, reflect ongoing investor interest in the region’s FinTech landscape.
