TNB Aura on Navigating the New Realities in the Fintech Industry

Source: FinTech in ASEAN 2025: Navigating the New Realities

FinTech in ASEAN 2025: Navigating the New Realities highlights a clear shift in Southeast Asia’s FinTech landscape which has evolved from a disruptive upstart to a maturing industry focused on sustainability and profitability. 

While global FinTech funding rebounded by 13% year-on-year to US$27.8 billion in 9M 2025, ASEAN funding momentum has eased falling ~36% to US$835 million, with deal count dropping ~60% year-on-year from 132 to 53 deals. At the same time, average deal size increased 42% to US$21.4 million, signalling consolidation and a growing investor preference for fewer, higher-conviction bets – underscoring a shift towards consolidation and disciplined capital deployment

Capital is increasingly concentrated in proven platforms. 67% of total funding flowed to late-stage FinTechs, reflecting a clear shift away from “growth at all costs” toward validated, scalable business models with clearer paths to profitability. Despite increasing global volatility, ASEAN’s FinTech sector continues to be supported by strong fundamentals, including a growing middle class, a large underserved population, a thriving digital economy, and ongoing regulatory support.

As part of the investor perspectives featured in the report, Vicknesh Pillay, Founder and Managing Partner at TNB Aura, was invited to share his views on the regional landscape amongst other leading regional VCs. Read more in the full report here: