Fintech in Southeast Asia: Deals up in 2016, but dollars down

Southeast Asia recorded the largest number of fintech deals backed by venture capital (VC) firms last year, since 2012, but deal value during the 12-months ended December 2016, were lower when compared to the corresponding period the previous year.

In 2016, about 71 fintech firms raised funding from VCs, amounting to $158 million, when compared to 55 deals in 2015 which were valued at $177 million, according to data complied by CBInsights.

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