Analysis

September 11, 2020

European fintechs are dipping their toes into Asia — but it's not for the faint hearted

European fintechs are now eyeing central and south-east Asia as their global hubs. Can they crack it?


Isabel Woodford

6 min read

European fintechs’ ties with Asia have been in the press for all the wrong reasons of late. German fintech Wirecard collapsed after allegations it used operations in Manila and Singapore to manufacture £2bn in fake assets.

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Fintechs in the Asia-Pacific region, sorted by valuation
Source: Dealroom. The total estimated value of VC backed fintechs in the south-east Asia region is estimated to be $10bn
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