info for crypto fintechs : ASEAN key highlights and fintechs overview with metrics.

info for crypto fintechs : ASEAN key highlights and fintechs overview with metrics.

By Snow Under Sun | SnowUnderSun | 6 Jul 2019

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ASEAN ( Association of South East Asian Nations ) is EU style union. 

here is some details and metrics ASEAN market profile and detailed overview about ASEAN fintechs. This data can be useful for cryptocurrency start-up who wants to penetrate ASEAN market with partnership. 

 

ASEAN KEY HIGHLIGHTS

GDP : 2.6 Trillion USD

Population : 650 Million

Urbanization : %47

Median Age : 29 ( young population )

Internet Users : 350 million people

Smartphone Users : 392 million people

Social Media penetration : %55

(source : IMF & World Bank data )

 

ASEAN FINTECH STARTUPS METRICS ( crypto based and non-crypto )

 

1 - Country based figures 

Singapore 

No of fintechs : 490

Investment in 2017 : 142 m USD

Key Subsector  : Payments

Regulatory Sandbox : Yes

 

Philippines

No of fintechs : 120

Investment in 2017 : 78 m USD

Key Subsector  : Payments and Remittance

Regulatory Sandbox : No

 

Indonesia

No of fintechs : 262

Investment in 2017 : 26 m USD

Key Subsector  : Mobile Pay and Alternative Lending

Regulatory Sandbox : Yes

 

Malaysia

No of fintechs : 196

Investment in 2017 : 75 m USD

Key Subsector  : Payments and Consumer Finance

Regulatory Sandbox : Yes

 

Vietnam

No of fintechs : 77

Investment in 2017 : 3 m USD

Key Subsector  : Payments

Regulatory Sandbox : No

 

Thailand

No of fintechs : 128

Investment in 2017 : 12 m USD

Key Subsector  : Payments

Regulatory Sandbox : Yes

( source : tracxn )

 

2 - Revenue models and funding

Percentage of transaction : %52

Flat fee per transaction : %43

others : %5

-------------

Self funded : %45

ICO & angel investors & loans : %55

 

3 - Type of Fintech ( some are multitype )

Payments : %33

Lending or financing : %25

Remittance : %21

Data Analytics : %18

Blockchain - DLT : %16

Robo-advisory : %13

InsurTech : %12

CryptoCurrency : %7

Digital Identity : %5

 

4 - User-End Customers ( Multiple targets )

Banks / non-bank finance corps : %51

Retail Customers : %47

Start-ups : %45

Corporations : %39

Goverments : %20

 

5 - Average revenue of ASEAN fintechs

less than 1K USD : %19

1K to 10K : %23

10K to 50K : %25

50K to 100K : %12

 

 

 

 

 

 


Snow Under Sun
Snow Under Sun

A westerner in Thailand. Previously,13 years Sales Executive in a Forbes 500 company and 6 years HR executive in a multinational company. Crypto trader since 2015.


SnowUnderSun
SnowUnderSun

A westerner in Thailand. Crypto trader since 2015. Previously Sales Executive in a forbes 500 company.

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