ASEAN fintech investments hit $8.9b from 2015-2019

This represents a CAGR of 133.1%.

Fintech companies in ASEAN countries raised over $8.9b across 475 deals between 2015-2019, with $.6.4b being raised by transactions valued at $100m or above, reports market analysis firm Fintech Global. Investment grew at a compound annual growth rate (CAGR) of 133.1% over the same period.

For 2019 alone, fintech investment in ASEAN reached a record $4.1b across 130 deals, or 45.8% of the total capital raised in the area since 2015. Fintech Global cited the lacking financial inclusion across the region as a driving force for fintech growth.

Further, average deal size has increased nearly 16-fold to $31.4m in 2019 from just $2m in 2015. This was attributed to the maturing landscape and the rising number of investors looking to back later-stage funding rounds.

A notable deal during the period is Singapore-based One Sea’ Group’s post-IPO equity. The mobile payments and e-commerce platform raised $1.4bn of post-IPO equity from Tencent Holdings in March 2019. This was the largest FinTech deal in Singapore, and also the largest FinTech deal in the ASEAN region to date.