225 views
Photo from Envato Elements

Singapore leads SEA fintech funding with $995m raised in 2024

The city also led fintech funding in Q3 2024.

In 2024, Singapore emerged as the top city contributing to fintech funding in Southeast Asia (SEA), raising a total of $995m, Traxcn reported. 

Jakarta followed with a wide margin at $242m, while Bangkok came in third at $198m.

Of the top five funding rounds in SEA, three were from Singapore. These include ANEXT Bank’s Series D ($148m) in second place, Bolttech’s Series C ($100m) in third, and Partior’s Series B ($60m) in fifth.

Meanwhile, Singapore’s Hashkey Capital and Signum Capital ranked as the second and seventh most active VCs in seed funding, whilst UOB secured the top spot for early-stage funding.

In addition, Traxcn’s All-time Stats data revealed that Singapore also leads with a total of $10.8b raised for fintech companies, followed by Jakarta with $4.7b.

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.