Singapore extends lead as regional fintech hub with 84% share

Regionally, fintech funding fell sharply to $1.1b (US$839m), down 39% from the same period in 2024.

Singapore captured 84% of all fintech funding in Southeast Asia in the first nine months of 2025, reinforcing its position as the region’s key financial technology hub, according to a report from Tracxn.

The next-largest market, Jakarta, accounted for just 4% of total funding.

Regionally, fintech funding fell sharply to $1.1b (US$839m), down 39% from the same period in 2024 and 56% below 2023 levels.

The pullback was most pronounced at the earlier stages. Seed funding dropped 63% YoY to $80.7m (US$62.3m), whilst early-stage funding declined 66% to $284m (US$219m). In contrast, late-stage funding held steady at $723m (US$558m), flat versus 2024 but still down 45% compared to 2023.

Three mega-rounds dominated deal flow: Thunes (Series D, US$150m), Airwallex (Series F, US$150m), and Bolttech (Series C, US$147m).

The region also recorded two IPOs, Antalpha and TCBS, compared to one in 2024. One new fintech unicorn emerged, matching last year’s tally and improving from zero in 2023.

Merger and acquisition activity was more subdued. 13 acquisitions were tracked, down 43% from 2024. Notable deals included ASCENT’s US$34.7m acquisition by KFin and Coinseeker’s US$30m sale to Titanlab.

Investor activity varied by stage. Iterative, 500 Global, and 1337 Ventures were the most active at the seed level; Peak XV Partners, OSK Ventures International Berhad, and Citi Ventures were prominent in early-stage funding; and DST Global Partners and Unbound led late-stage rounds.

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