ChainCatcher message, Tracxn report shows that Southeast Asian tech startups faced a sharp decline in funding inflow in 2024, with a total financing amount of $2.84 billion, a 59% decrease from $7 billion in 2023 and an 80% decrease from $14.2 billion in 2022. Singapore dominated the funding 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 investments, raising $1.4 billion, $966 million, and $764 million, respectively. Additionally, emerging sectors such as clean technology and blockchain are showing growth potential under regulatory support and investor interest.
The report points out that the Southeast Asian tech ecosystem has demonstrated adaptability through continued investment, innovation, and government support. Looking ahead to 2025, fintech, clean technology, and blockchain will be key focus areas, expected to respond to economic challenges with policy support and investor enthusiasm.