SINGAPORE -- Vietnamese financial technology startups are quickly catching up to Singapore in attracting Southeast Asian venture capital funding, with Indonesia rounding out the region's top three investment destinations.
Vietnam's slice of regional venture capital funding devoted to fintechs soared from just 0.4% in 2018, to 36% in the nine months to the end of September. Singapore attracted a 51% share, down from 53% in 2018, with Indonesia receiving 12%, compared to 37% last year.
