Southeast Asia Posts Record Number of Fintech Deals!
The surprises don’t end there though – deal values also went the wrong way! Take it away, Tanu Pandey from Deal Street Asia:
Southeast Asia recorded the largest number of fintech deals backed by venture capital (VC) firms last year, since 2012, but deal value during the 12-months ended December 2016, were lower when compared to the corresponding period the previous year. In 2016, about 71 fintech firms raised funding from VCs, amounting to $158 million, when compared to 55 deals in 2015 which were valued at $177 million, according to data complied by CBInsights.
In 2016, about 71 fintech firms raised funding from VCs, amounting to $158 million, when compared to 55 deals in 2015 which were valued at $177 million, according to data complied by CBInsights.
To be fair however, the majority of last year’s deals were driven by seed and angel investors, hence the generally lower deal values. Early-stage funding apparently jumped to 62% last year – a slight bump from the 55% posted the year before – while later-stage rounds including Series Cs dipped to just over 10%.
Unsurprisingly, Singapore-based fintech firms dominated deal-making in the region. Companies in the burgeoning startup hub accounted for 52% of all deals, while those in the Philippines – in second place – claimed 14% of them. Thailand meanwhile rounded up the top three with 13%, while Indonesia and Malaysia came in with 12% and 7% shares, respectively.
As for which fintech segments received most of the funding, that wasn’t divulged. Here are the region’s most active fintech investors, though:
1. East Ventures
2. 500 Startups
3. Golden Gate Ventures
4. (tie) GMO Venture Partners
4. (tie) IMJ Investment Partners
5. (tie) CyberAgent Ventures
5. (tie) Life.SREDA
Photo: Nicolas Lannuzel