Singapore leads SEA in FinTech funding

It raised US$157.7m in Q3.

Singapore accounted for almost half (49%) of Fintech funding in Southeast Asia in Q3, raising US$157.7m.

Behind Singapore were Jakarta, Indonesia, with US$103.2m funding, and Taguig, Philippines, with US$8.6M.

According to Tracxn, three of the top five funding rounds in Q3 involved Singapore-headquartered firms: Partior (US$60m - Series B), SDAX (US$50m - Series B), and WSPN (US$30m - Seed).

Singapore-based TNB Aura and Farquhar Venture Capital were the third and fourth most active VCs in seed funding, while Temasek took the second spot for early-stage funding.

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