Singapore Is Leading Southeast Asia in Fintech Funding for H1 2025
Singapore was responsible for 88% of the $776 million in fintech funding raised in Southeast Asia during the first half of 2025.
This marks a 31% increase from the $593 million raised in the second half of 2024, although it remains 22% lower than the $1 billion recorded in the first half of 2024.
Late Stage Fintech Funding Helped the Surge
The growth was almost entirely due to a surge in late-stage fintech funding, which hit $558 million. This is more than double the previous half and up 22% year-over-year. In contrast, early-stage funding fell to $167 million (down 27% from H2 2024). On the other end of the spectrum, seed funding dropped to just $50.7 million, representing a 50% decline.
Only one shining star emerged in H1 2025, matching the count from the same period in the previous year. Three major deals stood out: Thunes and Airwallex each secured $150 million in Series D and F rounds, while Bolttech raised $147 million in its Series C.
Despite increased capital flow, fintech acquisition activity slowed. Only nine M&A deals were recorded, which is down from 11 in H2 2024 and 16 in H1 2024. Noteworthy transactions included ASCENT’s $34.7 million acquisition by KFin Technologies and Coinseeker’s $30 million buyout by Titanlab.
Singapore remains the clear fintech funding hub of Southeast Asia. The next most active city, Taguig in the Philippines, trailed far behind.
Top investors in the region during H1 2025 included East Ventures, Y Combinator, and 500 Global. On the late-stage front, DST Global Partners and Unbound made significant moves by backing new fintech startups across Southeast Asia.
Looking to launch or expand your fintech business in Singapore?
Partner with 3E Accounting, Singapore’s leading corporate services provider. From company registration to tax compliance and business advisory, we help you unlock opportunities in Southeast Asia’s top fintech funding hub. Get in touch with our friendly team members today and let’s get your future going!
