International Finance: Southeast Asia becomes the fintech hotspot

The Asean region has witnessed the rapid growth of fintech companies over the last decade. The trend of rapid fintech growth seems poised to continue into the future with robust investor interest in companies in the region. In 2017, fintech companies based in the Asean region received investments totalling $5.7 billion. A Deloitte report said that this was expected to be exceeded by 20 to 30 percent in 2018.