Fintech and Insurtech Pocketed Most Funding in Southeast Asia This Quarter
by Fintech News Singapore April 18, 2023Fintech and insurtech were among the tech segments in Southeast Asia that received the highest investments in this quarter, according to a report by global SaaS-based market intelligence platform Tracxn.
The Geo Quarterly SEA Tech Report – Q1 2023 is based on Tracxn’s extensive database which provides insights into the Southeast Asian tech space.
Some of the top fintech funding rounds in the Q1 2023 include the US$270 million Series D funding round raised by Indonesian fintech Kredivo Holdings. The oversubscribed round was led by Japanese global bank Mizuho Bank in March this year.
Singaporean fintech firm Aspire also made it on to Tracxn’s radar as the company secured US$100 million two months ago in a Series C round led by Lightspeed Venture Partners and Sequoia Capital.
Another fintech that was highlighted in the Tracxn report was Thailand’s insurtech startup Roojai which managed to snag US$42 million in a Series B funding round just last month.
