Southeast Asia fintechs upbeat on growth prospects amid funding worries

SINGAPORE (Mar 14): Financial technology (fintech) firms headquartered in Southeast Asia are optimistic on their prospects of revenue growth, expansion and their ability to take on the international market in the near-term even as funding issues linger, according to the latest study conducted by EY.

The Asean FinTech Census 2018 surveyed a total of 170 Southeast Asia-headquartered fintechs across 16 key subsectors including payments, blockchain, money transfer, data analytics and robo advisory.

Its findings showed that 87% of the firms surveyed are planning to expand beyond their home or current market in the next 12 months, with another 77% of fintechs believing they will be able to compete internationally.

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