Singapore captures bulk of Southeast Asia’s fintech funding in 2025

Tracxn attributed this to a shift to more mature platforms, which remained concentrated in the city-state.

Singapore-based fintech companies accounted for 85% of all funding raised across Southeast Asia in 2025, according to Tracxn’s SEA FinTech Annual Funding Report 2025, highlighting increased geographic concentration of capital within the region.

Total fintech funding across Southeast Asia declined 21% year on year to $1.4b in 2025, down from $1.8bn in 2024, reflecting a contraction in overall capital deployment as investors reduced exposure to early-stage risk, the report showed.

Capital allocation shifted towards more mature platforms during the year, with late-stage funding rising 13% to $930m, whilst seed and early-stage funding fell 53% and 51% respectively. Tracxn said this divergence contributed to Singapore’s dominance, as later-stage companies and regional headquarters activity remained concentrated in the city-state.

Outside Singapore, funding activity was limited, with Bangkok emerging as the second-most funded city but accounting for only 4% of total regional capital. The report said the distribution points to a more selective investment environment, with funding increasingly concentrated in a small number of established markets.

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