News Snapshot:
Over 290 million Southeast Asians remain unbanked, presenting a huge opportunity for fintech-only startups, digital banks, and e-wallets to grow in the region. This is according to a recent report conducted by venture capital firm Golden Gate Ventures, which also predicts more fintech-only unicorns being founded in the next decade as a result of the region’s improving digital infrastructure. The report also shows that e-commerce, fintech, and entertainment and media are the top three verticals with the highest number of startups ( >$50M in financing) in the past 10 years. Meanwhile, food and transportation, fintech, and logistics are the three...
