In 2016, Southeast Asia saw the greatest number of fintech deals, a trend driven largely by seed and angel stage investments in countries such as Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. We are tapping into the opportunity with our focus on the South East Asian opportunity out of Singapore.
The number of investments in fintech companies in Southeast Asia rose 29% last year, growing from 55 deals in 2015 to 71 deals in 2016. At the same time, overall investment in Southeast Asia fell 12% from US$177 million in 2015 to US$158 million in 2016, according to CB Insights, a venture capital tracker. Over half of all Southeast Asian fintech deals in 2016 went to Singapore-based startups. These include for instance Funding Societies, a peer-to-peer lending platform for small and medium-sized enterprises, which raised US$7.5 million in a Series A from Sequoia Capital India and Alpha JWC Ventures, among others. Singapore is followed by the Philippines which accounted for 14% of Southeast Asia’s fintech deals, Thailand with 13% and Indonesia with 12%.
http://fintechnews.sg/9220/fintech/southeast-asian-fintech-deals-rise/
