

E81: Where has all the fintech funding gone?
20 snips Jun 21, 2024
Gavin Tan, a lawyer turned fintech founder with extensive experience in scaling high-growth companies in Southeast Asia, discusses the dynamic landscape of fintech. He highlights the shift from traditional e-wallets to super apps and explores the significant growth in fintech funding, with 41% of tech investment directed at digital financial services. Gavin also addresses challenges like customer acquisition costs and regulatory complexities, while offering insights into the evolving real-time payments infrastructure in the region.
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Rehabilitated Lawyer's Fintech Journey
- Gavin Tan shares how being a "rehabilitated lawyer" shaped his fintech journey.
- He evolved from being too detail-oriented to embracing a broader business perspective.
Fintech Funding Concentration
- Most fintech funding in Southeast Asia concentrates in a few large companies.
- Funding trends shift yearly, moving between e-wallets, lending, and buy now pay later.
E-wallet Business Decline
- The traditional e-wallet business is dying due to real-time payments infrastructure.
- E-wallets evolve into super apps offering diverse financial services to stay viable.