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FinTech funding in Asean up more than three times to record US$3.5 bil in 9M2021: UOB, PwC Singapore and SFA report

Felicia Tan
Felicia Tan11/11/2021 1:3 PM GMT+08  • 5 min read
FinTech funding in Asean up more than three times to record US$3.5 bil in 9M2021: UOB, PwC Singapore and SFA report
Among the Asean nations, Singapore-based FinTech firms have continued to attract the strongest funding among investors.
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FinTech funding in Asean has more than tripled to a record high of US$3.5 billion ($4.36 billion) in the 9M2021, compared to the FY2020, according to the FinTech in ASEAN 2021 report by UOB, PwC Singapore and the Singapore FinTech Association (SFA).

The rebound in FinTech funding was driven by 167 deals including 13 mega-rounds, which accounted for US$2 billion of the total funding.

A mega-round is defined as a funding round of US$100 million and above.

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