2026-01-17 04:11:13

Hong Kong fintech giant's latest funding round is quite substantial. Just secured $220 million, the largest funding round since its inception. The investment lineup is quite luxurious—HSBC Holdings, Prudential Hong Kong, Fubon Bank (Hong Kong), Hong Kong Investment Company, Allianz X, TOM Group, and other institutions have all placed bets. Interestingly, this round of financing includes not only equity investment but also debt financing, taking a dual approach.

What will the money be used for? The main goals are clear: one is to vigorously expand the Southeast Asian market, and the other is to grow the footprint through mergers and acquisitions. In the fintech track, various players are competing for position, and this large funding round also reflects the intense industry competition. Behind the capital influx is the recognition of the region's digital financial potential, especially Southeast Asia, which still has significant growth space.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
6
Repost
Share

Comment

0/400

ColdWalletGuardian

· 10h ago

2.2 billion dollars? HSBC and these guys really dare to spend, Southeast Asia's chess game is about to get serious The financial gap in Southeast Asia is so big, no wonder everyone is rushing in, but if this continues, the competition might blow up Playing with a dual approach, mixing stocks and bonds, shows that their financing tactics are very sophisticated Mergers and acquisitions? First, see if they can truly absorb them; throwing money is easy, integration is hard The entire track now is a situation where whoever raises funds wins, it's really absurd Feels like this round of financing came a bit suddenly, is there some pressure behind it? Capital is betting, what about the users? Is there really such a big demand?

View OriginalReply0

TooScaredToSell

· 10h ago

220 million dollars, Southeast Asia is probably going to be overwhelmed by a wave of acquisitions.

View OriginalReply0

SelfRugger