CoinVoice has recently learned that a Tracxn report shows that Southeast Asian tech startups face a sharp decline in funding inflow in 2024, with total financing amounting to $2.84 billion, down 59% from $7 billion in 2023 and down 80% from $14.2 billion in 2022. Singapore leads in financing with $1.9 billion, followed by Jakarta and Bangkok with $276 million and $261 million respectively.
Despite the overall decline in financing, fintech, high-tech, and enterprise applications still attracted significant investment, raising $1.4 billion, $966 million, and $764 million respectively. Moreover, emerging sectors such as clean technology and blockchain show growth potential under regulatory support and investor attention.
The report points out that the Southeast Asian tech ecosystem has demonstrated adaptability through continuous investment, innovation, and government support. Looking ahead to 2025, fintech, clean technology, and blockchain will be key focus areas, and these sectors are expected to respond to economic challenges through policy support and investor enthusiasm. [Original link]