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Southeast Asia Fintech Deals Hit A New Record.

Southeast Asia fintech quarterly financing

2016 started strong with 21 financings in Q1’16,  a record quarter for deals to Southeast Asian fintech companies.  In Q3’16 and Q4’16, though, deal count was down to 15. Reflecting the year’s overall strength, only two prior quarters performed better than 2016’s worst quarters: Q2’15 and Q4’15, with 18 and 17 financings, respectively.

In terms of funding dollars, 2016 averaged about $40M per quarter, down from $44M in 2015. The largest deal of 2016 went to Vietnam-based mobile payments platform MoMo, in a $28M Series B that included Goldman Sachs and Standard Chartered as investors. Other deals included a $17.5M investment to Thailand-based payments enabler Omise, a $2M investment to Singapore payments provide Coda Payments, and a $3M investment to Malaysia-based financial comparison startup Jirnexu.

The most active investors in Southeast Asia fintech

East Ventures took the top spot as the most active Southeast Asia fintech investor since 2012, with 12 unique investments, followed by 500 Startups and Golden Gate Ventures. Of note, Ant Financial, the financial affiliate of Alibaba, has made 3 investments in Southeast Asia as it looks to expand into new markets including most recently Ascend Money in Thailand and Philippines-based digital payments provider Mynt.

Southeast Asia Fintech Most Active Investors 2012 – 2017 YTD
Rank Investor
1 East Ventures
2 500 Startups
3 Golden Gate Ventures
4 GMO VenturePartners
4 IMJ Investment Partners
6 CyberAgent Ventures
6 Life.SREDA
8 Wavemaker Partners
8 Jungle Ventures
8 Ant Financial Services Group

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