Gabriel Budi Sutrisno · · 5 min readSoutheast Asia’s up-and-coming wealthtech players
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Hello there,
Since becoming a quarter-of-a-century-old, I’ve noticed that I can spend hours with my friends talking about how to manage our income. Many of us have started investing in stocks and crypto in order to achieve savings milestones before turning 30.
However, I’ve also learned that financial management is a lifelong hustle. Whether you’re planning a wedding or looking to retire, budgeting is crucial. And with the help of tech-enabled wealth management platforms, we can do it more easily and efficiently.
In this week’s Big Story, my colleague Qishin maps out notable wealthtech players in Southeast Asia and further categorizes them into digital brokerages, advisories, decentralized finance (DeFi) platforms, and others. Singapore and Indonesia are two bright spots for wealthtech in the region, with the former seeing a 7x increase in such investments between 2017 and 2021.
The enthusiasm of millennials and Gen Z – like my friends and I – for investing is one of the driving forces behind the rise of wealthtech.
Meanwhile, for this week’s Hot Take, I analyze Indonesia-based Cermati and what could be powering the financial aggregator’s fast-growing valuation.
– Budi
THE BIG STORY
Mapping Southeast Asia’s key wealthtech players
Image credit: Timmy Loen
Asia’s wealthtech scene is on the rise, with Singapore taking the lead in investments and deal numbers.
THE HOT TAKE
Why is Cermati’s valuation growing so fast?
The Cermati team / Photo credit: Cermati
NEWS YOU SHOULD KNOW
FYI
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