News Snapshot:
SINGAPORE : 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 US$3.5 billion, a report showed on Wednesday. The rebound was driven by 167 deals including 13 mega rounds, which accounted for US$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 US$100 million or more. Late-stage fintech firms, or those in their series C funding and beyond, garnered most interest, with involvement in...
