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Southeast Asia Tech Ecosystem Overview - Funding Trends 2024
Economic Slowdown

Southeast Asia's Tech Funding Decline: Challenges and Resilience in 2024

2024 has been a challenging year for Southeast Asia's tech ecosystem, with a significant decline in funding and shifts in market dynamics amid a global economic slowdown. However, sectors like fint...

Crypto SecurityRevolut Pay logo showcasing enhanced crypto security measures.

Revolut Enhances Crypto Security with Revolut Pay by 2025

Revolut will launch Revolut Pay to boost cryptocurrency security by 2025, reducing fraud attempts through advanced KYC methods and transaction monitoring. The new features aim to protect users from...

fintechRevolut employees and investors discussing stock sales and banking license.

Revolut Employees and Investors Cash Out Nearly $1 Billion in Stock

Revolut's employees and early investors have sold almost $1 billion in stock since August, post-UK banking license acquisition, raising the company’s valuation to $45 billion. CEO Nik Storonsky rep...

fintechRevolut CEO Nikolay Storonsky discussing market concerns with the London Stock Exchange.

Revolut CEO Criticizes London Stock Exchange Listing Amid Market Concerns

Revolut's CEO Nikolay Storonsky labels a London Stock Exchange listing as 'unreasonable' due to high costs and poor liquidity, favoring the U.S. market instead. His comments reflect a wave of Briti...

Bank of East AsiaBank of East Asia and IDA partnership for stablecoin initiative.

Bank of East Asia Collaborates with Fintech for Stablecoin Development

The Bank of East Asia teams up with fintech IDA to explore a stablecoin pegged to the HK dollar, enhancing digital finance adoption. This initiative aims to improve payment processes, support regul...

AustraliaGraph showing decline of fintech firms in Australia 2024

Australian Fintech Sector Sees Decline as Blockchain Firms Suffer Most

A recent KPMG study revealed that over 7% of Australian fintech companies have ceased operations in 2024, with blockchain and cryptocurrency firms facing the toughest challenges. The number of inde...