According to Odaily Planet Daily, the Tracxn report shows that the Southeast Asian technology ecosystem faces challenges in 2024, and the amount of financing has dropped significantly. From the beginning of the year to date, Southeast Asian technology startups have raised US$2.84 billion in 420 rounds of financing, a decrease of 59% from 2023.
Singapore accounted for 67% of total funding, raising $1.9 billion, while Jakarta and Bangkok raised $276 million and $261 million, respectively. Despite the decline in investment, fintech still attracts investors, raising $1.4 billion in 2024, while high-tech and enterprise applications raise $966 million and $764 million, respectively.
Emerging industries such as clean technology and blockchain show growth potential, benefiting from regulatory support and investor interest. 2025 will focus on high-growth areas such as fintech, clean technology and blockchain.