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.

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