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


Source: reuters.com reuters.com

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SINGAPORE, Nov 10 (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 (UOBH.SI) , PwC Singapore and the Singapore FinTech Association (SFA). Mega rounds are those which raise $100 million or more. Late-stage fintech firms, or those in their series C funding and beyond, garnered...