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SE Asian fintech fundraising surges after lockdown shopping spree

There have been 80 fintech deals worth $3 bn in 2021 — more than 2020 and 2019 put together

©The Financial Times Limited 2020 Nov 24, 2021 / 01:37 PM IST
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SE Asian fintech fundraising surges after lockdown shopping spree

John Reed in Bangkok and Mercedes Ruehl in Singapore Investors have pumped record amounts into south-east Asian financial technology companies this year, as locked-down consumers have switched to mobile payment and banking apps. According to data from analytics group Refinitiv, there have been 80 fintech deals worth $3bn in 2021 — more than what was raised in 2020 and 2019 combined. “The fintech space has taken off this year, and not only fundraising,” said Rohit Sipahimalani, chief investment strategist at Temasek, the...

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