Singapore companies top SEA payment startup funding

Airwallex made up almost 70% of the combined funding of the Top 12 startups.

Nine of Southeast Asia’s 12 leading payment startups are from Singapore, including the three largest by total capital raised, according to data from Tracxn.

Airwallex topped the list, having raised $2.45b (US$1.9b) since its founding in 2015, the latest being a $412.78m (US$320m) funding round in June 2026.

The Singapore and US dual-headquartered company offers cross-border payments, foreign exchange, and multi-currency account services to businesses.

Airwallex accounted for nearly 70% of the $3.48b (US$2.7b) combined funding raised by the 12 payment startups, Tracxn said.

Two other Singapore-headquartered companies clinched the second and third spots. Thunes, a cross-border payment service provider, had $466.96m ($362m) in total equity funding. Finture Group $129m (US$100m) in total equity funding received.

Five Singapore-based payment startups ranked sixth to tenth on the list: MetaComp ($45.15m or US$35m total equity funding), Chocolate Finance ($43.86m or US$34m), Finno ($34.83m or US$27m), dctpay ($34.83 or US$27m), and Qashier ($28.38m or US$22m).

FlexM closed out the top 12, with $16.77m (US$13m) in total equity funding. FlexM is a cloud-based platform offering compliance, remittance platform operations, and secure payments solution infrastructure.

Two Indonesian companies—Honest and OY!—clinched the fourth and fifth spot, with total equity funding at $129m (US$100m) and $112.22m (US$87m), respectively.

VETC is the only Vietnamese payment startup in the list, raising $24.51m (US$19m) in its Series B funding round last August 2025.

Fintechs in Singapore recorded 75 deals in 2025, with deal value at around $1.02b, according to a separate report by Kickstart Ventures.

(US$1 = S$1.29, as of 30 July 2026)

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