Tag "Southeast Asia"
Fintech Companies in Southeast Asia Raised US$1.4B in Q1 2022
After underwhelming performances in 2020, fintech funding in Southeast Asia regained some of its strength in 2021, a dynamism that remained in Q1 2022. During the first quarter of the year, Southeast Asian fintech companies raised a total of US$1.4
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7 Early Stage Insurtech Startups from Asia We’re Keeping an Eye On
Asia-Pacific (APAC) has seen the emergence of a dynamic insurtech landscape, fueled by favorable market conditions, low insurance penetration and investors’ bullishness. Data from S&P Global Market Intelligence show that there are at least 335 private insurtech operating in APAC,
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Is Southeast Asia Entering Its Golden Age of Fintech?
Despite limited access to traditional banking services, rising smartphone penetration and rapid e-commerce growth have led to an increase in the use of digital financial services in Southeast Asia. Today, the region is emerging as a hotspot for fintech innovation
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Southeast Asia’s Top 5 Largest Fintech Unicorn Exits
Over the past decade, Southeast Asia’s startup ecosystem has significantly matured with an estimated US$52 billion of venture capital (VC) invested into startups and an increasing number of large late stage deals, according to a 2021 report by investment firm
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Southeast Asia is Among The Highest Adopters of Mobile Banking
Over the past decade, Southeast Asia has undergone a significant technological transformation, a shift that’s been enabled by the region’s highly adaptable digital consumers. Consumers have leapfrogged to mobile devices, skipping personal computers altogether. Southeast Asia’s mobile-first digital ecosystem can
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Fintech Adoption Surges in Southeast Asia, Led by Digital Payments and Online Lending
Usage of digital financial services is witnessing strong growth in Southeast Asia this year, a trend mostly driven by digital payments and digital lending adoption, according to the eConomy Southeast Asia Report 2021. The annual report, produced by Google, Temasek
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Southeast Asia’s O2O Platforms Reach Mainstream Acceptance
In Southeast Asia, digital ecosystems have reached mainstream acceptance. A new research by Bain & Company found that more than 77% of surveyed consumers in the region’s six biggest economies (SEA-6), namely Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam,
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Southeast Asia Fintech Opportunity Pushes Startup Valuations Further Up
Southeast Asia’s large population of unbanked and growing Internet penetration make it a hotbed for fintech innovation and an attractive market for e-wallets and neobanks. Despite currently lagging behind more developed markets like Australia, the US and the UK, the
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Australian Fintech Startups Seek Singapore Investors to Help Fund SE Asian Expansion
With more and more Australian fintech companies interested in expanding into Asia, nine Aussie fintech startups will be showcasing their solutions during the Singapore Fintech Festival (SFF)’s Deal Fridays. Deal Fridays, jointly organised by the Monetary Authority of Singapore (MAS)
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Why Digital Ecosystems Are Key for Incumbents to Tap a US$25 Billion Opportunity
In Southeast Asia, the emergence of fintech startups and the entrance of bigtechs and platform services providers into the financial services space are shaking up the industry, forcing traditional financial services businesses to collaborate with other ecosystem participants and venture
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