Southeast Asia Fintech Funding Climbs to USD776m in H1 2025

Southeast Asia’s fintech sector raised USD776m in the first half of 2025, up 31% from H2 2024 but still down 22% year-on-year, according to Tracxn data. The rebound was driven by USD558m in late-stage deals, including USD100m-plus rounds by Thunes, Airwallex, and Bolttech.

Seed and early-stage funding fell, and only one new unicorn emerged. Singapore led the region with 88% of total fintech funding. M&A activity slowed, with nine deals recorded, including ASCENT’s USD34.7m exit to KFin Technologies. Key backers included DST Global, Unbound, and Vitruvian Partners.