Singapore attracts 88% of Southeast Asia’s fintech funding

This is a 31% increase from the $593m raised in H2 2024.

Southeast Asia’s fintech sector raised $776m in the first half of 2025, with Singapore accounting for a dominant 88% of the total, according to Tracxn’s SEA FinTech Semi Annual Funding Report released.

The total marked a 31% increase from the $593m raised in H2 2024, but still reflected a 22% drop from the $1b recorded in H1 2024.

The rebound was driven almost entirely by late-stage funding, which surged to $558m, up 113% from the previous half and 22% YoY. In contrast, early-stage funding fell to $167m, a 27% decline from H2 2024 and 65% down from H1 2024. Seed-stage funding collapsed to just $50.7m, a 50% drop from the prior half and down 52% YoY.

Only one new unicorn was created in H1 2025, unchanged from H1 2024. However, the period saw three companies close $100m-plus rounds: Thunes and Airwallex each raised $150m in Series D and F rounds respectively, whilst Bolttech secured $147m in a Series C.

Despite the rebound in capital, acquisition activity in SEA FinTech declined. Only nine deals were recorded, compared to 11 in H2 2024 and 16 in H1 2024. Notable transactions included ASCENT’s $34.7m acquisition by KFin Technologies and Coinseeker’s $30m buyout by Titanlab.

Singapore remained the region’s undisputed FinTech hub, attracting the overwhelming majority of capital. The next most active market, Taguig in the Philippines, was a distant second.

Top investors in H1 2025 included East Ventures, Y Combinator, and 500 Global. Late-stage capital was led by DST Global Partners and Unbound, each of whom added new SEA firms to their portfolios.