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SEA Connect – EP9 | Fintech in Southeast Asia – More Wall Street or More Silicon Valley?

October 5, 2020

 

Fintech in Southeast Asia is the only sector set to nearly double funding in 2020 compared to 2019.

Out of 109 Fintech startups in Southeast Asia, 35 startups are now valued at more than $100 million.

Ant Financial is the most anticipated IPO of the year at a rumoured $250 billion, which would make it roughly the 5th largest “bank” in the world.

Fintech is not only impossible to ignore but too important not to understand.

 

Topics discussed:

  • Whether the smaller players will be able to compete for market share with the larger Unicorns like Grab, GoJek, ZaloPay, OVO, etc.
  • The revenge of the banks
  • Digital banking, and what it means in 2020
  • Embedded finance
  • What is next in the Fintech space

 

Soundbites

Pinn Lawjindakul – “I want a relationship with you longer than your marriage.”

Kelvin Teo, Co-founder & Group CEO @Funding Societies | Modalku

Kelvin Teo – “My parents are Asian so I wasn’t allowed to drop out.”

 

Watch the full episode here.