Robocash Group SEA-2022: State of Asian Fintech

Over the entire history, fintech companies in alternative lending, digital banking, payments & transfers, e-wallet sectors have raised a grand total of USD 53.3 Bn and earned USD 17.8 Bn. The total rate of return (Total Revenue / Total Funding) is approximately 33.4%, which means that for every dollar attracted, fintechs earn an average of 33.4 cents per year on transactions related to their activities.

The biggest bulk of the funds is flowing to India – USD 25.6 Bn (48%), Singapore – USD 14.7 Bn (27.6%). Following next are Indonesia – $7.5 Bn (14.1%), the Philippines – USD 2.4 Bn (3.4%), Vietnam – USD 1.8 Bn (3.4%), and Malaysia – USD 966 M (1.8%). The smallest part of funds is flowing to Pakistan – USD 240 M (0.5%), Bangladesh – USD 24 M (0.05%), Sri Lanka – USD 307 k (0.001%).

In 2021, India, Indonesia, and Singapore were the top earning countries. India earned USD 10 Bn (57.2%) in revenue, Indonesia earned USD 2.4 Bn (13.7%), and Singapore earned USD 1.9 Bn (10.6%). Vietnam stands out with a revenue of USD 1.7 Bn (9.4%), followed by the Philippines generating USD 875 M (4.9%). Bangladesh, Malaysia and Pakistan contribute with USD 287 M (1.6%), 283 M (1.6%) and 167 M (0.9%) respectively, while Sri Lanka has the least at 24 M (0.1%).

It is worth noting that India is seeing the highest concentration of investment stages – 53.8% of the total number of companies, followed by Singapore – 14.3% and Indonesia – 8%.

The highest investment activity is observed in the Alternative Lending sector — 45.8% of fintech companies, then in Payments & Transfers — 38.8%, Digital-banking — 8.5%, E- Wallets – 6.9%.

The full report is available by clicking on the link: https://bit.ly/3Wycb9l