FinTech - SEA Annual Funding Report - 2024 (New).pptx

TRACXN GEO ANNUAL REPORT
FINTECH - SEA - 2024

Geo Annual Report - FinTech - SEA - 2024 Copyright © 2024, Tracxn Technologies Limited. All rights reserved.
Snapshot
Investments
Investors
Exits
New Unicorns
Citywise Trends
News
Funded Deadpooled Companies
Appendix
Contents

Snapshot Snapshot
Investments
Investors
Exits
New Unicorns
Citywise Trends
News
Appendix
Contents

Copyright © 2024, Tracxn Technologies Limited. All rights reserved.
Geo Annual Report - FinTech - SEA - 2024
Top Feeds
Feed $Funding
Payments $366M
Cryptocurrencies $325M
Banking Tech $265M
Alternative Lending $177M
Investment Tech $112M
FinTech - SEA Snapshot - 2024
FinTech - SEA All time Stats
Summary
All Companies 8,355
Funded Companies 1,214
Total Funding $22.1B
Funding in last 24 months $3.7B
Cumulative Valuation of all
Unicorns
$40.2B
Top Cities
Singapore ($10.7B)
Jakarta ($4.8B)
Exits
Acquisitions 174
IPOs 40
Companies Covered
Unicorns 22
Soonicorns 64
Minicorns 191
Editor’s Pick 723
Series A+ 361
Series C+ 56
Acqui-Hires 37
Deadpooled 2,310
Top Funding Rounds
Company Round Details
Ascend Money
(2013, Bangkok)
$195M - Series D
ANEXT Bank
(2022, Singapore)
$148M - Series D
Superbank
(2021, Jakarta)
$73.2M - Series C
Partior
(2021, Singapore)
$60.0M - Series B
NIUM
(2014, Singapore)
$50.0M - Series E
Top Cities
City $Funding
Singapore $840M
Jakarta $242M
Bangkok $198M
Taguig $95.7M
Hanoi $17.8M
4
$ Funding Series A+ rounds
Acquisitions
# Funding rounds
New additions to
Soonicorn Club
$1.5B(vs
$2.1B, 29%
▼ )
161(vs 181, 11%
▼ ) 79(vs 74, 7%
▲ )
First Time Funded
Companies
73(vs 99, 26%
▼ )
8(vs 13, 38%
▼ ) 26 (vs 26,<>0%)
*Data from 01-Jan-2024 to 10-Dec-2024 is considered in report Note: Numbers in bracket indicate the values of 2023
New Unicorns
1(vs -, Infinity%
▲ ) - (vs 1, 100%
▼ )
IPOs

Snapshot
Investments Y-o-Y Funding Trends
Investors Y-o-Y Stage-wise Funding Trends
Exits Top Funding Rounds in last 1 year
New Unicorns Top Funded Business Models 2024
Citywise Trends
News
Appendix
Contents

Top Funding Rounds in last 8 years
Company Funding Round
Coda Payments
(2011, Singapore) $690M - Series C
Advance Intelligence..
(2016, Singapore) $400M - Series D
Mynt
(2015, Cabanatuan City) $300M - Series B
Amber Group
(2017, Singapore) $300M - Series C
Xendit
(2015, Jakarta) $300M - Series D
VNLIFE
(2007, Hanoi) $300M - Series B
Kredivo
DANA
VNLIFE
(2007, Hanoi) $250M - Series B
Investree
Y-o-Y Funding Trends
6
$ Funding (3y) CAGR = -38%
$ Funding (5y) CAGR = +1%
Note: Funding includes only Equity Funding. It excludes Debt, Grant, Post-IPO and ICO funding.

Y-o-Y Stage-wise Funding Trends
7
Note: Seed includes Seed, Angel rounds. Early Stage includes Series A,B rounds. Late Stage includes Series C+, PE, Pre-IPO rounds.
Stage-wise Number of Rounds
Stage-wise $ Invested
$1.2B $6.7B $6.3B $2.1B
$1.5B $1.5B 167 352 336 181
168 161
Seed Early Stage Late Stage Total Funding Seed Early Stage Late Stage Total Rounds

Top Funding Rounds in last 1 year (1/2)
8
Company $ Amount Round Date Investors
Ascend Money (2013, Bangkok, $345M) $195M Series D Jun 2024 MUFG, Krungsri Finnovate
ANEXT Bank (2022, Singapore, $148M) $148M Series D Mar 2024 Ant Group
Superbank (2021, Jakarta, $73.22M) $73M Series C Jul 2024 Grab, Singtel
Partior (2021, Singapore, $91.00M) $60M Series B Jul 2024 Deutsche Bank, Temasek, Standard Chartered, +4 more
NIUM (2014, Singapore, $312M) $50M Series E Jun 2024 NewView Capital, Tribe Capital
SDAX (2020, $68.00M) $50M Series B Sep 2024 -
Qoala (2017, Jakarta, $135M) $47M Series C Mar 2024 Eurazeo, Omidyar Network, AppWorks, +5 more
Sygnum (2017, $160M) $40M Series B Jan 2024 Azimut
WadzPay (2018, Singapore, $36.70M) $37M Series C Dec 2024 GEM
Peak3 (2018, Singapore, $35.00M) $35M Series A Jun 2024 EQT, Alpha JWC Ventures
UNO Digital Ban.. (2020, Taguig, $47.50M) $32M Series A Feb 2024 Creador, Gateway Partners
Finture (2021, Jakarta, $50.00M) $30M Series B Sep 2024 Mindworks Capital, XVC, SWC, +1 more

Top Funding Rounds in last 1 year (2/2)
9
Company $ Amount Round Date Investors
Salmon (2022, Taguig, $55.00M) $30M Series A Oct 2024 IFC, Lunate
WSPN (2023, Singapore, $30.00M) $30M Seed Aug 2024 Redpoint Ventures, Yunqi Partners, Foresight Ventures, +3 more
AwanTunai (2017, Jakarta, $55.80M) $28M Series B Mar 2024 Norfund, Finnfund, MUFG Innovation Partners
Syfe (2017, Singapore, $85.61M) $27M Series B Aug 2024 Valar Ventures, Unbound
Salmon (2022, Taguig, $55.00M) $25M Series A Apr 2024 IFC, Northstar Group
Xcelerate (2021, $36.00M) $25M Series B Feb 2024 Federated Hermes, Altair Capital, Exacta Capital Partners
Oobit (2017, Singapore, $25.00M) $25M Series A Feb 2024 Titan
Wagely (2019, Jakarta, $36.90M) $23M Series A Mar 2024 Capria
Climate Impact .. (2021, Singapore, $22.30M) $22M Series B Feb 2024 Standard Chartered, Mizuho Financial Group, SGX
StakeStone (2023, Singapore, $22.00M) $22M Seed Nov 2024 Skyland Ventures, Polychain, Youbi Capital, +16 more
Honest (2019, Jakarta, $61.20M) $22M Series B May 2024 Rakuten
Polyhedra Netwo.. (2022, Singapore, $45.00M) $20M Series B Mar 2024 UOB, Animoca Brands, Polychain, +8 more
Full list of 161 Key Funding Rounds is available on Tracxn Platform

Top Funded Business Models 2024
10
Rank Business Model $ Funding # Rounds Top Funding Round
1-- Digital Native Banks $222M 3
ANEXT Bank
$148M - Series D
2▲4 Digital Wallets $208M 4
Ascend Money
$195M - Series D
3▲2 Online Business Payments $90.0M 2
Partior
$60.0M - Series B
4-- Cryptocurrency Exchanges $80.6M 8 SDAX
$50.0M - Series B
5▲4 Crypto-based Financial Services $63.0M 11 Oobit
$25.0M - Series A
6-- Forex Risk Management $60.0M 1
Partior
$60.0M - Series B
7▲4 Alternative Credit Card $51.5M 2 Finture
$30.0M - Series B
8-- Remittance Softwares for Enterprises $50.0M 1
NIUM
$50.0M - Series E
9-- Crypto Mining Pools $41.2M 8
StakeStone
$22.0M - Seed
10-- Cryptocurrency Banking $40.0M 1
Sygnum
$40.0M - Series B
* Rank is based on $Invested in last 1 year in the Business Model. - Indicates change in Rank from previous year.
▲

Snapshot
Investments
Investors Y-o-Y Investors
Exits Y-o-Y Global Investors
New Unicorns Most Active Investors
Citywise Trends
News
Appendix
Contents

Y-o-Y Investors
12
Top Institutional Investors in 2024
Stage Investor name # Investments in 2024
Seed Stage
Antler 5 ( -- )
Mirana 4 ( 300%)
▲
Alliance DAO 4 ( -- )
Early Stage
UOB 2 ( -- )
Argor Capital
Management
2 ( -- )
Peak XV Partners 1 ( 67%)
▼
Late Stage
NewView Capital 1 ( -- )
EDBI 0 ( -- )
SoftBank Vision Fund 0 ( -- )
Existing Investors
First-time Investors
Y-o-Y # of unique Institutional Investors in FinTech - SEA
Note: First-time investors and Existing Investors are calculated from the available Equity Funding Rounds on Tracxn Platform. 1.The numbers in bracket correspond to the change
from 2023.
# First Time Investors (4Y) CAGR = -10%
# First Time Investors (2Y) CAGR = -44%

Y-o-Y International Investors
13
Top International Institutional Investors in 2024
Stage Investor name # Investments in 2024
Seed Stage
Antler 5 ( 17%)
▼
Mirana 4 ( 300%)
▲
Alliance DAO 4 ( -- )
Early Stage
Peak XV Partners 1 ( 67%)
▼
Illuminate Financial 1 ( -- )
GGV Capital 1 ( -- )
Late Stage
NewView Capital 1 ( -- )
SoftBank Vision Fund 0 ( -- )
Rockstone Ventures 0 ( -- )
International Investors
Y-o-Y # of unique Institutional Investors in FinTech - SEA
Note: International Investors are the investors who are based outside of the Geo mentioned in the report. 1.The numbers in bracket correspond to the change from 2023.

Most Active Investors: Accelerators & Incubators
14
# Investor Name Country
# Overall
investments
# Investments in
Geo* - 2024
Notable Investments in Geo*
1 Antler Vietnam 1048 5 bluesheets ($12.5M), PEXX ($4.5M), Payd ($1.7M)
2 Alliance DAO United States 37 4 Bitlayer ($25.0M), Hata ($4.2M), Qiro ($1.2M)
3 Tenity Switzerland 322 3 Beoble ($9.0M), Staple ($4.0M), Mochi ($51.8K)
4 Spartan Group Singapore 158 3
Particle Network ($23.8M), METACENE ($15.0M), ZkMe
($6.0M)
5 Binance Labs Malta 115 3 Particle Network ($23.8M), StakeStone ($22.0M), UXUY
Protocol ($10.2M)
6 500 Global United States 2353 2 Funding Societies ($217M), Infina ($8.1M), Staple ($4.0M)
7 AppWorks Taiwan 110 2 Qoala ($135M), GRVT ($9.3M), Infina ($8.1M)
8 Foresight Ventures China 83 2 Polyhedra Network ($45.0M), WSPN ($30.0M), Puffverse
($3.0M)
9 LongHash Singapore 44 2
Polyhedra Network ($45.0M), Particle Network ($23.8M),
Ordzaar ($2.0M)
10 Skyland Ventures Japan 107 2 StakeStone ($22.0M), Cycle Network
Note: *Geo = FinTech - SEA. The number in bracket refers to the total funding raised by the company.

Most Active Investors: VC - Seed
15
# Overall
investments
# Investments in
Geo* - 2024
1 Mirana China 75 4 Oasys ($20.0M), Mystiko ($18.0M), BounceBit ($6.0M)
2 HashKey Capital Singapore 73 3
Polyhedra Network ($45.0M), Particle Network ($23.8M),
StakeStone ($22.0M)
3 Morningstar Ventures United Arab Emirates 130 3 Particle Network ($23.8M), zkLink ($18.5M), Mystiko ($18.0M)
4 dao5 United Kingdom 38 3 StakeStone ($22.0M), BounceBit ($6.0M), Tomo ($3.5M)
5 NGC China 304 2 Oasys ($20.0M), zkLink ($18.5M), UXUY Protocol ($10.2M)
6 MH Ventures United Kingdom 135 2 Polyhedra Network ($45.0M), BEVM ($10.0M), KIP ($5.0M)
7 Signum Capital Singapore 181 2
Polyhedra Network ($45.0M), Mystiko ($18.0M), UXLINK
($14.0M)
8 Arrington Capital United States 71 2 zkLink ($18.5M), BBOX ($2.7M), Merkle Trade ($2.1M)
9 Symbolic Capital United States 31 2
Polyhedra Network ($45.0M), StakeStone ($22.0M), Tomo
($3.5M)
10 K300 Ventures Vietnam 27 2 KIP ($5.0M), Imaginary Ones, BSCS

Most Active Investors: VC - Early Stage
16
# Overall
investments
# Investments in
Geo* - 2024
1 UOB Singapore 80 2 Amartha ($53.0M), Polyhedra Network ($45.0M), UXLINK
($14.0M)
2 Argor Capital Management Singapore 4 2 Paper ($12.0M), Infinid
3 Peak XV Partners India 349 1 Funding Societies ($217M), Qoala ($135M), Partior ($91.0M)
4 Illuminate Financial United Kingdom 49 1 Osome ($75.0M), Tookitaki ($20.4M), bluesheets ($12.5M)
5 Cento Ventures Singapore 28 1 ProCredit ($4.1M), Finfra ($3.5M), Doxa Holdings ($2.2M)
6 Temasek Singapore 493 1 NIUM ($313M), Partior ($91.0M)
7 GGV Capital United States 492 1 UXLINK ($14.0M), Beep ($3.3M)
8 Z Venture Capital Japan 191 1 Amartha ($53.0M), Finfra ($3.5M)
9 MassMutual Ventures United States 97 1 Qoala ($135M), Qapita ($39.0M)
10 Taisu United States 53 1 METACENE ($15.0M), Galaxis ($10.0M)

Most Active Investors: VC - Late Stage
17
# Overall
investments
# Investments in
Geo* - 2024
1 NewView Capital United States 51 1 NIUM ($313M)

Most Active Investors: PE
18
# Overall
investments
# Investments in
Geo* - 2024
1 Norfund Norway 164 1 Funding Societies ($217M), AwanTunai ($55.8M), Amartha
($53.0M)
2 Eurazeo France 264 1 Qoala ($135M)
3 Maj Invest Denmark 93 1 Amartha ($53.0M)
4 Gateway Partners Singapore 20 1 UNO Digital Bank ($47.5M)
5 SPE Capital Tunisia 14 1 OpenStamp
6 Arena Holdings United States 9 1 Reddio
7 Phillip Private Equity Singapore 10 1 Capital C Corporation ($53.8M)
8 Vital Capital Switzerland 5 1 OpenStamp
9 Emirates Consortium United Arab Emirates 3 1 Polyhedra Network ($45.0M)
10 Lunate United Arab Emirates 2 1 Salmon ($55.0M)

Snapshot
Investments
Investors
Exits Exit Snapshot
New Unicorns List of Acquisitions
Citywise Trends Most Active Acquirers
News
Appendix
Contents

Exit Snapshot - 2024
20
IPOs - 2024 (vs
2023)
Acquisitions -
2024 (vs 2023)
- (vs -)
Avg. yrs from first
funding to IPO
5.2 (vs 4.8)
Avg. yrs from first
funding to Acq.
- (vs -)
Avg. Funding raised before IPO
$3.7M (vs $45.3M)
Avg. Funding raised before
Acq.
- (vs -)
Avg. IPO Mcap
$84.8M (vs $149M)
Avg. Acq. Price
0 (vs 1)
# IPOs
26 (vs 26)
# Acquisitions
Investor # Exits Notable Exit
Mavcap 2 Stake With Us
LuneX Ventures 2 Stake With Us
SGInnovate 2 Stake With Us
Actis 1 GHL
Apis Partners 1 GHL
Top Investors by # Exits - 2024 Y-o-Y Exit Trends
# Acquisitions
Acq.
GHL
(1994, Kuala Lumpur) $154M
RHB Vietnam Securi..
(2006, Hanoi) $15.2M
Top Exits - 2024
Type Company Acq. Price/IPO Mcap
# IPOs

List of Acquisitions - 2024
21
Company Acquirer(s) Acq. Date Acq. Price
GHL
(1994, Kuala Lumpur)
NTT DATA May 2024 $154M
RHB Vietnam Securities
(2006, Hanoi)
Public Bank Feb 2024 $15.2M
Pepper Advantage
(2022)
J.C. Flowers Nov 2024 NA
Propine
(2018, Singapore, $2M)
Komainu Oct 2024 NA
Waave
(2010, Singapore)
Banked Oct 2024 NA
Acom
(1983, Long)
Valsoft Sep 2024 NA
Stake With Us
(2019, Singapore, $595K)
Nansen Sep 2024 NA
Wealth AI
(2022, Singapore)
Prestige Wealth Aug 2024 NA
HolyWally
(2021, Singapore)
DCS Innov Aug 2024 NA
Whisky Cask Club
(2021, Singapore)
- Aug 2024 NA
View all 26 companies on Tracxn Platform

# Acquirer Country # Acq.
Average
Acq. Price
Companies Acquired
1 NTT DATA Japan 1 $154M GHL ($154M)
2 Public Bank Vietnam 1 $15.2M RHB Vietnam Securities ($15.2M)
3 J.C. Flowers United States 1 - Pepper Advantage
4 Komainu United States 1 - Propine
5 Banked United Kingdom 1 - Waave
6 Valsoft Canada 1 - Acom
7 Nansen Singapore 1 - Stake With Us
8 Prestige Wealth China 1 - Wealth AI
9 DCS Innov Singapore 1 - HolyWally
10 M-DAQ Singapore 1 - Easy Pay Transfers
Most Active Acquirers
22
Note: Numbers in bracket indicate the Acquisition Price of the company.

Snapshot
Investments
Investors
Exits
New Unicorns Unicorn Trends
Citywise Trends List of New Unicorns
News List of New Soonicorns
Appendix
Contents

Top Seed Stage Investors
-
Unicorn Trends in 2024
24
Note: Investors refers to Institutional Investors only. Top Investors are calculated based on investments before the Unicorn Round.
FinTech - SEA -
2024 (vs 2023)
Global FinTech -
2024(vs 2023)
Top Early Stage Investors
Polychain
Animoca Brands
ArkStream
Binance
Emirates Consortium
Top Late Stage Investors
-
Top Cities
Singapore (1)
1(vs -)
# Total Unicorns
81(vs 71)
# Total Unicorns
1.1(vs -)
Avg Years from Series A
to Unicorn Round
4.7(vs 4.3)
Avg Years from Series A
to Unicorn Round
$25.0M(vs -)
Avg $ Funding before Unicorn
Round
$240M(vs $220M)
Avg $ Funding before Unicorn
Round
4(vs -)
Avg # Funding Rounds
before Unicorn Round
4(vs 3.6)
Avg # Funding Rounds
6(vs -)
Avg Institutional Investors
9.3(vs 8.9)
Avg Institutional Investors
+ 10 more

List of New Unicorns
Company Short Description Unicorn
Event Date
Time from
Series A (yrs)1
$Funding before
Unicorn Round2 # Rounds2
# Investors2
Polyhedra Network
Online platform offering infrastructure for web3
interoperability Mar 2024 1.1 $25M 4 6
25
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
Full List of 1 unicorn is available on Tracxn Platform

Soonicorn Club - List of New Soonicorns
26
Company Tracxn Score
Superbank
(2021, Jakarta, $73.2M)
52.3
ANEXT Bank
48.6
Note: A Soonicorn is a company which is likely to achieve US $1 billion valuation in the short to medium term. Tracxn Score is a proprietary score based on various market signals
reflecting the company’s size, execution and growth.

Snapshot
Investments
Investors
Exits
New Unicorns
Citywise Trends Cities by Total Funding
News Cities by Funding raised in last 2 years
Appendix
Contents

28
Citywise Trends - Total Funding
Distribution by Cities - Total Funding ($)
ANEXT Bank
($148M)
Partior
($60.0M)
NIUM
($50.0M)
Superbank
($73.2M)
Qoala
($47.0M)
Finture
($30.0M)
Ascend Mon..
($195M)
Contributi..
($2.8M)
U2U Networ..
($13.8M)
Amnis Fina..
($2.0M)
Unich
($2.0M)
Salmon
($55.0M)
UNO Digita..
($32.1M)
First Circ..
($8.6M)
Billease
($5.0M)
ProCredit
($4.1M)
Mochi
($51.8K)
Amartha
($17.5M)
Top Companies funded in 2024
# Rounds
Singapore
Jakarta
Bangkok
Hanoi
Taguig
Makati
Cilandak
Pathum Wan
103
18
2
4
4
5
1
1
All time Funding
2024 Funding

Citywise Trends - Funding raised in last 2y
29
Funding raised in 2 Yrs (Market Share %)
Rank City
2024 2023
Top Funded Companies in 2024
# % # %
1 Singapore $840M 58 % $1.2B 58 % ANEXT Bank ($148M) Partior ($60.0M) NIUM ($50.0M)
2 Jakarta $242M 17 % $692M 34 % Superbank ($73.2M) Qoala ($47.0M) Finture ($30.0M)
3 Bangkok $198M 14 % $35M 2 % Ascend Mon.. ($195M) Contributi.. ($2.8M)
4 Taguig $96M 7 % $16M 1 % Salmon ($55.0M) UNO Digita.. ($32.1M) First Circ.. ($8.6M)
5 Hanoi $18M 1 % $18M 1 % U2U Networ.. ($13.8M) Amnis Fina.. ($2.0M) Unich ($2.0M)
6 Cilandak $18M 1 % - - Amartha ($17.5M)
7 Pathum Wan $10M 1 % - -
8 Makati $9M 1 % - - Billease ($5.0M) ProCredit ($4.1M) Mochi ($51.8K)
9 Ho Chi Minh City $7M 1 % $17M 1 % Native Tea.. ($6.8M) 1Long ($500K)
10 Kuala Lumpur $6M 0 % $77M 4 % Hata ($4.2M) Ouch ($1.2M) Boost Bank ($796K)

Citywise Trends - Companies Founded in last 2y
30
Companies Founded in 2 Yrs (Market Share %)
Rank City 2024 2023 Companies Founded in 2024
1 Singapore 53 % 46 % PEXX ($4.5M)
Pell Network
($3.0M)
BlonkFi - SansDebt -
2 Jakarta 11 % 10 % FranchiseOne - Rainmaker - rempn.com - Kcls Swift -
3 Bangkok 3 % 2 % JFIN Coin Cl... - AsiaPay - Thoth - - -
4 Hanoi 2 % 2 % EnsoFi - CoinAI - - - - -
5 Makati 1 % 1 % LoanApps - - - - - - -
6 Ho Chi Minh City 4 % 1 % Football Bat... - DC ASIA - LOTTE C&F - XLP Network -
7 Kuala Lumpur 2 % 4 % Setgaji - Payment2me - - - - -

Snapshot
Investments
Investors
Exits
New Unicorns
Citywise Trends
News Recent Key News
Appendix
Contents

Recent Key News (1/3)
32
Transactions
● Vertex Has $5 Billion-Plus Opportunity In Pain And Kidney Disease
Programs, Analyst Upgrades Stock Benzinga
● Crypto expands into traditional financial services with Orion Principals
acquisition bitcoinethereumnews.com
● Crypto.com Acquires Orion To Expand Financial Products Bitcoin Insider
● Mintable Meme Token platform Raises $2.32m in 24 hours Financial News
● Haven1 Secures $4.6m in Private Round, Backed by Industry Giants
GlobeNewswire
● This is the purpose of the Modangku Group to acquire multifinance
Kontan
● WadzPay Secures $36.7M from GEM to Drive Global Growth
Fintechinshorts
● Ivory Coast’s Hub2 Secures $8.5m Led by TLcom Capital techawkng.com
● OpenPad AI Raises $2M To Transform Web3 Investments With
Decentralized AI Analytics GlobeNewswire
● Lobricity solution SecondsWap completes 1.2 million US dollars of seed
round financing, Animoca Ventur.. PANews
Company Updates
● Public Mutual declares distributions of over RM66mil for four funds
The Star Online
● Triple-A unveils payment option for Coinbase users The Paypers
● PDD Holdings Inc. (NASDAQ:PDD) Shares Acquired by Gordian Capital
Singapore Pte Ltd MarketBeat
● Newmont Co. (NYSE:NEM) Shares Acquired by Gordian Capital Singapore
Pte Ltd MarketBeat
● Gordian Capital Singapore Pte Ltd Acquires 4,500 Shares of Vertiv
Holdings Co (NYSE:VRT) MarketBeat
● Gordian Capital Singapore Pte Ltd Acquires 10,133 Shares of Citigroup
Inc. (NYSE:C) MarketBeat
● Gordian Capital Singapore Pte Ltd Acquires 2,059 Shares of The Goldman
Sachs Group, Inc. (NYSE:GS) MarketBeat
● Gordian Capital Singapore Pte Ltd Acquires 5,563 Shares of Natera, Inc.
(NASDAQ:NTRA) MarketBeat
● Gordian Capital Singapore Pte Ltd Acquires 14,000 Shares of Tower
Semiconductor Ltd. (NASDAQ:TSEM) MarketBeat
● Cake Digital Bank - First Digital-Only Bank In Vietnam To Announce
Profitability Milestone Afte.. GlobeNewswire

33
Legal
● CySEC Flags Multiple Unregistered Websites, With Bybit and VTMarkets
Named Finance Magnates
● Bankrupt FTX targets Crypto.com in $11 million lawsuit amid recovery
effort CryptoSlate
● FTX's $228M Settlement With Bybit Brings Conclusion of Epic Liquidation
Closer CoinDesk
● Crypto.com sues US SEC after receiving legal threat from regulator
The Business Times
● Crypto.com Files Suit Against SEC Over Expanded Jurisdiction Claims
Bitcoin
● SEC Sues Do Kwon and Terraform Labs for Fraud CoinTime
● Federal Judge Rejects SEC’s Motion in Tron Foundation Lawsuit
Coinspeaker
● Terra sued for $1.3 billion by Three Arrows Capital gospodarka.sos.pl
● Three Arrows Seek $1.3B from Terraform Labs CryptoMode
● Bankrupt SVB Financial Group Receives Approval from United States
Court for Restructuring Deal to D.. Caproasia
Partnerships
● Coinbase Integrates With Triple-A to Expand Crypto Payments
PYMNTS.com
● Bitrue joins forces with Babylon Labs to Launch Bitcoin Staking Dual
Rewards Program Benzinga
● Bitrue joins forces with Babylon Labs to Launch Bitcoin Staking Dual
Rewards Program CNW
● Fiuu and Visa Partner to Launch Visa Instalment Solutions in Southeast
Asia, Redefining BNP.. Marketing In Asia
● CredAble and PowerCred Join Forces to Revolutionize Working Capital
Tech for Indonesian Banks EIN Presswire
● Snowdrop Solutions Expands Partnership with BigPay to Transform the
Banking Customer Experien.. Fintech Finance
● Crypto.com and Mastercard Collaborate to Scale the Digital Payments
Industry in GCC Region Fintech Finance
● Atome announces payment checkout partnership with Valiram in
Singapore and Malaysia Finextra
● WEEX Partners with Michael Owen to Champion Their Revolutionary
Crypto Trading Experiences GlobeNewswire
● InvestaX Collaborates With BNB Chain to Revolutionize Real-World Asset
Tokenization Hubbis

34
People Movement
● Entsia expands its leadership team with two new hires Australian FinTech
● Peak XV, Trifecta Capital backed fintech startup Klub halves workforce
Livemint
● Justin Sun Joins Trump-Backed Crypto Project as Advisor After $30
Million Investment Bitcoin
● Vietnamese startup Sky Mavis slashes 21 per cent of workforce
Vietnam Investment Review
● Sky Mavis to cut staff by 21%; plans new Axie Infinity game CryptoTvplus
● OurCrowd appoints Or Alon as Partner, Head of Funds CTech
● Thunes Fortifies Global Compliance with Appointment of Peter Cohen as
Chief Compliance Officer Fintech Finance
● UBX Appoints Banking Veteran Jose Emmanuel Hilado as Chairman
EIN Presswire
● Bybit Expands Shunyet Jan's Role to Drive Institutional Growth Benzinga
● WSPN Names Austin Campbell CEO of WSPN US to Drive Stablecoin
Innovation and Expansion PR Newswire
Other
● Cake Digital Bank - Vietnam's First Digital-only Bank Announces
Profitability After 3.5 Years O.. GlobeNewswire
● GRVT Secures Bermuda License, Becoming World's First Regulated DEX,
A Milestone for DeFi to Go Mainstream CNW
● Optimax revenue grows to RM33mil in 3Q The Star Online
● MoneyMax Wins Best CSR Award in Malaysia: Pioneering Drive-Thru
Pawnbroking and Community Enga.. Shareandstocks
● Salmon Named Leading Fintech Group Philippines at the World Business
Outlook Awards.. Vietnam Investment Review
● CapBay named among Fortune’s Fintech Innovators Asia 2024
The Star Online
● SGX securities turnover value rises 36% in October; volume up 17%
The Business Times
● Alchemy Pay Expands U.s. Compliance With Four New Money
Transmitter Licenses PR Newswire
● MEXC recognized for top Liquidity performance in reports by
TokenInsight and Simplicity Group GlobeNewswire
● Validus halves losses amid 1.4x growth in loan portfolio Tech in Asia

Snapshot
Investments
Investors
Exits
New Unicorns
Citywise Trends
News
Funded Deadpooled Companies Funded Deadpooled Companies
Appendix
Contents

36
Company $ Funding
Toastme
(2014, Singapore)
$2.4M
Nook
(2022, Singapore)
$125K
ChainVerse
(2021, Singapore)
-
Smoov
(2008, Singapore)
-

Snapshot
Investments
Investors
Exits
New Unicorns
Citywise Trends
News
Funded Deadpooled Companies Explore more on Tracxn
Appendix Explore other Reports on Tracxn
Contents

Recent funding rounds
Investment Trends
Most Active Investors
Top Funded Business Models
Explore more on Tracxn
All Tech Companies
UAE Tech Companies
Online Travel Companies
Companies using AI in Healthcare
Companies founded by Stanford GSB Alumni
Soonicorn club in Fintech
Analyst Picks in Israel Tech
Key News in FinTech
Events in Bay Area
Angel Investors in United States
Bluebox
Companies Investment Activity
Miscellaneous
Company Detail Page of DoorDash
Competitors of Freshworks
Cap Table for TransferWise
Financials for Ola
Employee Count for Revolut
Company Due Diligence Exits
Public Companies
Acquired Companies
Most Active Acquirers
Reports
Delhivery - Company Report
Novel Foods - Business Model Report
HRTech - Feed Report
FinTech - Top Business Models Report
India Tech - Top Business Models Report
38

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Novel Foods
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FinTech Europe
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Feed Geo Reports
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Transferwise
Coursera
BigBasket
Feed Reports Top Business Models in PA Geo Monthly Reports
FinTech - SEA
Europe Tech
China Tech
Top Business Models in Geo
India Tech
Israel Tech
UK & Ireland Tech
39
Explore other Reports on Tracxn
Novel Foods
Blockchain Network
P2P Remittance
Business Model Reports
FinTech Europe
Consumer Digital SEA
HiTech US
Feed Geo Reports
Company Reports
Monthly Unicorn Report
Unicorn Reports
Transferwise
Coursera
BigBasket
Feed Reports Top Business Models in PA Geo Monthly Reports
FinTech - SEA
Europe Tech
China Tech
Top Business Models in Geo
India Tech
Israel Tech
UK & Ireland Tech
39
HRTech
Cybersecurity
Food Tech
FinTech
Enterprise Applications
Artificial Intelligence

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