Tracxn
Tracxn : Total funding into SEA FinTech startups plunge 65 percent to $2B in 2023
South East Asian (SEA) countries took the most hit in 2023 following the global economic crisis as the total funding for FinTech fell to $2 billion, the lowest in comparison to the last five years in this region, said Tracxn Technologies Ltd. on Tuesday.
Tracxn : Indonesia sees 54 percent decline in startup funding in 2023
Indonesia has witnessed total funding of $1.4 billion year to date, a drop of 54 percent as compared to the same period in 2022, Tracxn said Wednesday. The number of funding rounds in the country year to date also experienced a drop of 49 percent as compared to the same period in 2022.
Tracxn: Vietnam’s year-to-date funding falls to lowest since 2019
Vietnam has secured the fourth position in 2023 based on year-to-date (YTD) funding, marking the lowest funding year for the region since 2019. The Vietnamese tech startup ecosystem has raised a total of $142 million in funding year to date, reflecting a drop of 73 percent and 91 percent compared with the funds raised in the same period in 2022 and 2021,…
Tracxn: SEA tech startups continue to see a downward trend as funding falls 65 percent in 2023
The Southeast Asia (SEA) Tech sector received a total funding of $4.3 billion in 2023 year to date (till December 5, 2023), a 65 percent plunge from $12.4 billion raised in the same period last year, Tracxn said Tuesday.
Funding into Mental HealthTech startups takes a hit in 2023: Tracxn
Funding into Mental HealthTech startups takes a hit in 2023 due to the ongoing economic slowdown and other macroeconomic factors affecting the cash flow globally, Tracxn said Wednesday. The mental HealthTech space globally witnessed funding worth $713 million year to date, a 52.5 percent decline from $1.5 billion raised in the same period in 2022.
Tracxn : Funding into FinTech SEA startups plunges 74 percent in third quarter
Total funding into FinTech startups in Southeast Asia (SEA) fell 74 percent to $229 million in the third quarter of 2023 from $887 million a year ago, making it the lowest funded quarter since 2020, Tracxn said Friday. The drop in funding was largely due to the absence of late-stage rounds in the third quarter of 2023.
Tracxn : SEA tech startups witness lowest quarterly funding in five years
Southeast Asia (SEA) funding has seen a big drop of 74 percent in quarter-on-quarter in the third quarter, making it the lowest funded quarter in the last five years, said Tracxn on Thursday. the SEA tech startup ecosystem raised a total of $835 million in the third quarter, a huge 74 percent drop from $3.2 billion raised in the second quarter of 2023 and a…
Tracxn : Vietnam’s FinTech sector funding plunges 67 pct in first half amid global economic uncertainty
The FinTech sector in Vietnam has experienced a significant downturn in funding throughout 2023, largely attributed to the lingering effects of the funding winter and the prevailing global macroeconomic uncertainty, Technologies Ltd said on Friday. The first half of 2023 has seen a remarkable drop in Vietnam FinTech funding, with total funding dropping 67…
Tracxn: Vietnam’s tech startup ecosystem sees 82 percent plunge in funding
Total funding into Vietnam tech startups fell 82 percent to $66 million in the first half of 2023 from $372 million in the first half of 2022, indicating a funding winter in the region, Tracxn Technologies Ltd. said Monday.
Total funding into SEA tech startups falls 71 percent year on year to $2.3B in first half, says Tracxn
Total funding into Southeast Asia (SEA) tech startups fell 71 percent to $2.3 billion in the first half of 2023, from $8 billion a year ago, said Tracxn Technologies Ltd on Thursday. The total funding in the first half is also 45 percent lower than $4.3 billion raised in the second half of 2022.
