Singapore tops SEA fintech funding with US$372M

The city accounts for 70% of SEA's total funds raised.

Singapore continues to lead Southeast Asia in fintech funding, accounting for more than 70% of the region's total funds raised in 1Q24.

Data from Tracxn showed that in the first quarter of the year, Singapore raised US$372m, becoming the top city for fintech funding in SEA.

Behind Singapore are Jakarta (US$103m), Taguig (US$32.1m), Pathum Wan (US$10.0m) and Ho Chi Minh (US$500k), 

The companies with the top two funding rounds during the quarter also hail from Singapore: ANEXT Bank (US$148m - Series D) and DCS Card Centre (US$75.2m - Series D).

Singapore-based HashKey Capital was amongst the top institutional investors for seed-stage tech startups, with one investment in 1Q24.