Fri, Sep 17, 2021
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Asia attracts $6.7bn venture capital investment in fintech in H1 2020

Monday, September 07, 2020

Laxman Pai, Opalesque Asia:

In H1'20, the biggest fintechs in Asia continued to gain ground, while smaller fintechs struggled for profitability and to attract new investments, according to a study.

In H1'20, VC investment in fintech accounted for $6.7 billion in the Asia Pacific (APAC), said KPMG International. APAC saw $8.1 billion in total fintech investment during H1'20.

Southeast Asia was the hottest region for fintech investment in H1'20, led by a $3 billion raise by Indonesia-based platform provider Gojek and a $886 million raise by its Singapore-based competitor Grab. Both platform providers are actively expanding their payment services in the region.

In January 2020, Grab acquired Robo-advisor Bento, while Gojek acquired offline payments and cloud point-of-sales (POS) company Moka in April 2020. India's Navi Technologies raised $398 million, said the report.

Fintech investment in ASPAC was quite diverse from a regional perspective this quarter. In addition to Indonesia, Singapore and India, Japan (Paidy: $251 million), South Korean (KSNET: $237 million), and Australia (Airwallex: $160 million, Judo Bank: $147 million) also saw large fintech deals. Fintech investment in China remained suppressed, falling to a multi-quarter low in Q2'20.

According to KPMG, government regulatory efforts were a very strong trend in APAC. During H2'20, Australia re-opened submissions to its Select Committee on Financial Technology and Regulatory Technology to unders......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SPACs: The fall of the SPAC market has digital media companies in disagreement about best path forward, Cannae Holdings: SPAC bloodbath provides a good entry point, British car startup Cazoo raises $1bn from SPAC merger, Europe's incoming SPAC boom will create a demand for talent[more]

    The fall of the SPAC market has digital media companies in disagreement about best path forward From CNBC: The digital media industry has reached a strategic crossroads. Earlier this year, special purpose acquisition vehicles (SPACs) appeared to be the long-awaited savior of digital me

  2. Property: Real estate's new moneymaker is not design-driven, it's alternative, Two Sigma building quant tools to hunt real estate bargains[more]

    Real estate's new moneymaker is not design-driven, it's alternative From Forbes: There has been a recent shift of attention in the real estate market as to the types of investments which make the strongest returns. In the past, it's always been a combination of good design, prim

  3. PE/VC: Private equity GPs, LPs alike working on diversity and inclusion, Chinese regulator vows to crack down on private equity, venture capital funds, The VC playbook for portfolio companies: learning from the Covid-19 crisis[more]

    Private equity GPs, LPs alike working on diversity and inclusion From Private equity general partners and limited partners are doing more to increase diversity in private markets, according to a report released Tuesday by the Institutional Limited Partners Association.

  4. PE/VC: Private equity continues to lead fund closings, Venture capital firms are fighting to throw money at cleantech[more]

    Private equity continues to lead fund closings From Among private fund closings, private equity funds have led the pack starting in 2011, based on data collected by Pensions & Investments. During those years, private equity's share has ranged from 56% to 72% of the total

  5. PE/VC: Climate tech is hot, but VCs can't forget about water, Five top trusts to tap into the private equity boom[more]

    Climate tech is hot, but VCs can't forget about water From Crunch Base: "It is unequivocal that human influence has warmed the atmosphere, oceans, and land." These fiery words come from the latest landmark U.N. report detailing intensifying, universal climate change impacts. They cover