Singapore leads ASEAN fintech with over $725m funding: report

Singapore maintained its lead as ASEAN’s top fintech hub in 2025, securing over US$725 million in funding during the first nine months, which represents 87% of the region’s total fintech investment, according to a report by UOB, PwC Singapore, and the Singapore FinTech Association.

Across ASEAN’s six largest economies, fintech funding dropped 36% year-on-year to about US$835 million, with the number of deals down 60% to 53.

Despite the drop, average deal size rose 42% to US$21.4 million, as investors favored mature, late-stage fintech firms, which took 67% of total funding.

Singapore accounted for more than half of the region’s deals, primarily in blockchain for financial services and investment technology.

Indonesia’s funding share fell sharply to 4%, with its deal count dropping to 10, while the Philippines secured five deals.

Malaysia, Thailand, and Vietnam together made up less than 10% of ASEAN’s total fintech funding in the period.

🔗 Source: UOB

🧠 Food for thought

Implications, context, and why it matters.

Singapore blockchain and investment tech surge hides ASEAN fintech slump

In 9M25, Singapore drew 87% of ASEAN fintech funding and logged over half of deals, led by blockchain for financial services and investment tech. Three mega rounds totaled nearly US$450 million and lifted the average late-stage deal size to about US$112 million 1.
Eight of ASEAN’s top ten funded fintechs in 9M25 sit in Singapore, with five late-stage firms 1.
ASEAN deal count fell 60% to 53, pressuring seed and early-stage activity. In Singapore, pre-series (pre-Series A) and early-stage rounds still formed 79% of deals in 9M25 1.
Indonesia fell to a 4% share with only 10 deals, while Malaysia, Thailand, and Vietnam saw little activity 1.

Cloud, compliance, and cybersecurity sellers can target Singapore blockchain and investment tech firms

B2B fintech vendors can pitch the 36 licensed Digital Payment Token Service Providers in Singapore 2 plus the funded blockchain and investment tech firms on AML/KYC tools, cloud infrastructure, cybersecurity.
Enterprise software sellers can build focused prospect lists around funded Singapore fintechs, especially the eight top-funded companies in 9M25 1. These firms are growing, so they need compliance, security, and operations tools.
Venture debt providers and M&A advisors can zero in on late-stage fintechs across ASEAN, which took 67% of total funding 1.
Recruiters and HR tech platforms can meet hiring demand in Singapore’s fintech scene, which had 520 companies in 2025 2. Mix leaned to payments 20.4%, wealthtech 12.7%, and regtech 12.3%.