October 17, 2016
One of the regions that will lead the world into the next generation of financial technology innovation is Asia. Data suggests that investors poured $4.5 billion into FinTech companies in Asia in 2015, which is three times the amount attracted by their peers in Europe.
Asia, however, cannot be referred to as a homogeneous market since there are more than 20 countries in the region with own hallmarks and opportunities. Some of the most notable and massive markets noted as dominating the world of financial technology are China, Singapore and India. In fact, India is reported to be one of the fastest-growing startup environments in APAC region. The country has the second biggest startup ecosystem after China in deal size and number of deals.
But who exactly ensures the fertile ground for startups in the region and the leading position of Asia in the global FinTech scene? Let's look at some of the most active VC funds supporting the startup ecosystem in Asia:
1823 Ventures is focused on mentoring and incubating up and coming startups in Southeast Asia, Hong Kong and Korea as well as venture capital fundraising and investment. Headquartered in Singapore, 1823 Ventures are actively looking for promising startups around the region including Singapore, Indonesia, Thailand, Malaysia, Vietnam, the Philippines, Hong Kong, China and Korea.
500 Startups is a leading global venture capital seed fund and startup accelerator managing $200M in assets and having invested in 1300+technology startups. Its early-stage seed fund and incubator program focused on consumer and SME Internet startups. The company's areas of interest include financial services and e-commerce; search, social and mobile platforms; personal and business productivity; education and language; family and healthcare; and Web infrastructure.
Accel Partners has been committed to helping exceptional entrepreneurs build lasting, category-defining technology companies since 1983. Utilizing a focused, prepared mind approach to investing, the company partners with businesses that show potential for significant long-term success in specific sectors. Emphasizing synergy in its portfolio enables Accel Partners to offer the advantages of a cohesive, cooperative Accel community, including access to an extensive network of past and present entrepreneurs.
Alacrity Capital is a next-generation integrated venture capital firm based in Singapore that focuses on Pan-Asian-based startups which are passionate in developing commercially viable products and services encompassing new technology and innovation. For startups that are launched seed to series-A stage, Alacrity Capital aims to provide key investment from a pooled funding of angel and corporate investors.