Investments in Southeast Asian fintech companies dropped by 22% in the first half of 2025, totaling $776 million, compared to the same period in 2024. This decline, according to Tracxn data, was primarily due to significant drops in early-stage funding, even as late-stage investments saw a boost.
Seed-stage funding fell by 52% year-on-year to just $50.7 million in H1 2025 (from $106 million in H1 2024), while early-stage funding plunged by 65% to $229 million (from $482 million in H1 2024).
Conversely, late-stage funding saw a healthy 22% increase, reaching $558 million in H1 2025, up from $458 million in H1 2024. This also represents a more than doubling (113% increase) compared to the second half of 2024.
Three Southeast Asian fintechs secured rounds exceeding $100 million in H1 2025:
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Thunes raised $150 million in a Series D round.
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Airwallex secured $150 million in a Series F round.
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bolttech garnered $147 million in a Series C round.
Only one Southeast Asian fintech, Antalpha (which offers financial services for digital assets to institutional clients), went public in H1 2025.
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