Fintech funding in Southeast Asia triples to record $3.5 billion this yr – report


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https://www.oann.com/fintech-funding-in-southeast-asia-triples-to-record-3-5-billion-this-yr-report/?utm_source=rss&utm_medium=rss&utm_campaign=fintech-funding-in-southeast-asia-triples-to-record-3-5-billion-this-yr-report FILE PHOTO: A view of the city skyline in Singapore, October 25, 2021. REUTERS/Edgar Su November 10, 2021 SINGAPORE (Reuters) – Financial technology (fintech) funding in Southeast Asia jumped more than three times in the first nine months of this year compared with full-year 2020, reaching a record $3.5 billion, a report showed on Wednesday. The rebound was driven by 167 deals including 13 mega rounds, which accounted for $2 billion of the total funding, according to the report by United Overseas Bank, PwC Singapore and the Singapore FinTech Association (SFA). Mega rounds are those which raise $100 million...