News Snapshot:
Since 2015, foreign investment into Southeast Asia’s fintech companies has grown seven times, according to The Future of Fintech in Southeast Asia report by Dealroom, Finch Capital and MDI Ventures. Foreign investors’ surging participation in the Southeast Asian fintech sector showcases that the region is emerging as the “fintech battleground†for financial institutions and established players, the report says. Some of the most active investors from outside of the region include Tencent, Ant Financial, Accel, Sequoia, SoftBank and Warburg Pincus. In Southeast Asia, fintech is the largest venture capital investment category by number of backed startups with 484 ventures, ahead...
