On many aspects, Asia is leading the fintech revolution. First, in terms of consumer adoption of fintech products, more than half of adult consumers active online in China and India, the two most populous countries in the world, regularly use fintech services.
In China, more than 4 out of 5 respondents said they have used at least one fintech service for mobile money transfer and payments, and more than half reported using one for savings and investments. In India, 47% of respondents said they have used an insurtech product.
In addition to fintech adoption, funding for Asian fintech startups is on the rise and catching up with the historical world leader, the US.
According to a CB Insights report, fintech companies backed by venture capital secured US$39.57 billion across 1,707 deals in 2018 with Asia registering the biggest amount at US$22.65 billion through 516 deals. Asia was followed by the US with 659 deals worth US$11.89 billion.
According to the report, Asia is likely to surpass the US as a center for fintech investment in the near future.
At the end of January 2019, there were 39 fintech unicorns globally. Nine were in Asia, including China’s Tuandaiwang, Lu.com, and Lakala Payment, as well as India’s Policybazaar and Paytm, and South Korea’s Toss.
As Asia quickly rises to become the world’s next fintech powerhouse, the following 15 fintech startups maps, which cover key markets including Singapore, Hong Kong, Indonesia and the Philippines, will give you a glimpse into the region’s diverse and burgeoning fintech landscape.
Singapore Fintech Map 2020
Created by: Fintechnews.sg
Last updated: January 2021
Hong Kong Fintech Map 2018
Source: http://fintechnews.hk/7652/various/hong-kong-fintech-map-2018/
Created by: InvestHK
Last updated: 2019
Malaysia Fintech Map 2019
Source: https://fintechnews.my/22107/various/fintech-malaysia-report-2019/
Created by: Fintechnews.my
Last updated: Dec 2019
Vietnam Fintech Map 2020
Source: https://fintechnews.sg/45354/vietnam/2020-fintech-vietnam-report-and-startup-map/
Created by: Fintechnews.sg
Last updated: Nov 2020
Indonesia Fintech Map 2018
Source: https://fintechnews.sg/45513/indonesia/indonesia-fintech-report-and-map-2020/
Created by: Fintechnews.sg
Last updated: Dec 2020
Philippines Fintech Map 2020
Source: https://fintechnews.ph/41725/fintech/fintech-report-philippines-2020/
Created by: Fintechnews.ph
Last updated: Sept 2020
Thailand Fintech Map 2020
Source: https://fintechnews.sg/44329/thailand/fintech-thailand-startup-map-2020-showcases-growing-industry/
Created by: Fintechnews.sg
Last updated: Nov 2020
Cambodia Fintech Map 2017
Source: http://fintechnews.sg/12603/cambodia/fintech-cambodia-startup-report-map-infographic/
Created by: Fintechnews.sg
Last updated: October 2017
Myanmar Fintech Map 2018
Source: http://fintechnews.sg/20016/myanmar/fintech-myanmar-startup-report-and-map/
Created by: Fintechnews.sg
Last updated: June 2018
China Fintech Map 2018
Source: https://home.kpmg/content/dam/kpmg/cn/pdf/zh/2018/12/china-fintech-50-company-report.pdf
Created by: KPMG
Last updated: December 2018
South Korea Fintech Map 2017
Source: https://startupall.kr/wp-content/uploads/research/1556927744/Startup%20Map%20190503.pdf
Created by: Startup Alliance
Last updated: November 2017
Japan Fintech Map 2017
Source: http://fintechnews.hk/2521/various/fintech-map-japan/
Created by: Marília Assis Breite
Last updated: September 2017
Taiwan Fintech Map 2018
Source: https://medium.com/@blockcamp/
Created by: Jon Jones
Last updated: March 2018
India Fintech Map 2018
Source: https://www.cbinsights.com/research/market-map-fintech-startups-india/
Created by: CB Insights
Last updated: July 2018
Pakistan Fintech Map 2018
Source: https://clarity.pk/knowledgebase/payments/list-of-fintech-companies-in-pakistan/
Created by: Clarity.pk
Last updated: July 2018
Thailand Fintech Map
Source: http://fintechnews.sg/6882/fintech/fintech-club-thailand/
Created by: Thai Fintech Club
Last updated: 2016
Featured image credit: Freepik
