Top 10 ASEAN Fintech Startups with the Largest Funding in 2021

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Reza Pahlevi 18/11/2021 16:10 WIB

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Grab Financial Group becomes the largest funded fintech company in ASEAN. The Singapore-based company secured US$300 million in funding.

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Fintech Funding in ASEAN

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According to the *Fintech in ASEAN 2021* report, investment in financial technology (fintech) companies reached US$3.5 billion in the first nine months of 2021. This funding amount is the highest ever recorded.

Grab Financial Group was the most heavily funded fintech company in ASEAN, receiving US$300 million in funding. This Singapore-based company secured the largest investment.

Vietnam's VNPAY ranked second with US$250 million in funding. NIUM, also based in Singapore, followed in third place with US$200 million.

Indonesian fintech company Xendit ranked seventh with US$150 million in funding. FinAccel, the parent company of Kredivo, ranked ninth with US$125 million.

The average funding amount for ASEAN fintech companies reached US$159 million in 2021. This average value soared by 148.4% from US$64 million the previous year.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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