207 views
Photo by Jonas Leupe on Unsplash

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.

Join Singapore Business Review community

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Top News

September surge masks looming export slowdown to 6% in 2027
Maybank raised its 2026 forecast to 27% from 18% in the same report.Non-oil domestic exports (NODX) growth could slow to 6% in 2027 as supply chain pressures and higher financing costs weigh on shipment momentum, Maybank Research Pte Ltd said.
Economy