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Agilent and National Heart Centre Singapore Sign Agreement to Advance Metabolic Heart Failure Research

Research focuses on human cardiac organoids to uncover metabolic drivers of heart failure and accelerate new therapeutic strategies to improve cardiovascular outcomes

SINGAPORE, Nov. 13, 2025 /PRNewswire/ — Agilent Technologies Inc. (NYSE: A) announced the signing of a five-year Memorandum of Understanding (MOU) with National Heart Centre Singapore (NHCS) to accelerate innovation in metabolic heart failure research, one of the most complex and underserved areas in cardiovascular medicine.

(from right) Asst. Prof Chrishan Ramachandra, Principal Investigator of National Heart Research Institute Singapore (NHRIS) at National Heart Centre Singapore (NHCS), Prof. Derek Hausenloy, Director of NHRIS at NHCS, Dr Charmian Cher, Associate Vice President of Field Marketing for APAC at Agilent, and Dr Samir Vyas, Associate Vice President of Sales for APAC at Agilent, during the signing ceremony at Biopolis in Singapore.
(from right) Asst. Prof Chrishan Ramachandra, Principal Investigator of National Heart Research Institute Singapore (NHRIS) at National Heart Centre Singapore (NHCS), Prof. Derek Hausenloy, Director of NHRIS at NHCS, Dr Charmian Cher, Associate Vice President of Field Marketing for APAC at Agilent, and Dr Samir Vyas, Associate Vice President of Sales for APAC at Agilent, during the signing ceremony at Biopolis in Singapore.

 

Agilent Seahorse XF Flex Analyzer 3D Workflow Features Metabolic Profile that Serves as Dynamic Biomarkers of Cell Health

Heart failure remains a leading global cause of death and disability¹, with metabolic forms such as diabetic heart failure and heart failure with preserved ejection fraction (HFpEF) posing challenges due to limited treatment options². Under this agreement, Agilent and NHCS will combine their expertise in human cardiac organoids using human-derived heart tissues with cutting-edge analytical technologies, including Agilent’s latest Seahorse XF Flex Analyzer which expands real-time metabolic analysis into 3D tissues and organoid workflows to investigate metabolic drivers of heart failure.

“Our collaboration with Agilent allows us to advance the study of heart disease using patient-specific beating heart cells. By combining NHCS’s expertise with Agilent’s advanced technology, we can detect the earliest changes in how heart cells use energy before visible damage occurs. This accelerates the discovery of new therapies and safely testing them, ultimately offering hope to heart failure patients who currently have limited treatment options,” said Prof Derek Hausenloy, director of the National Heart Research Institute Singapore (NHRIS) at NHCS.

NHCS has established itself as a leader in modelling monogenic cardiac diseases using patient-specific induced pluripotent stem cells (iPSCs), which led to novel therapeutic targets now undergoing clinical evaluation³,⁴. Building on this foundation, the integration of Agilent’s next-generation technology and NHCS’s Preclinical Platform for Development of Therapeutics for Heart Failure (PREVENT-HF) positions the collaboration to provide hypotheses for clinical validation, offering new insights into disease progression, novel therapeutic development, and assessment of treatment safety and efficacy in clinically relevant models.

“Together with NHCS, we are bridging science and technology to reimagine how metabolic heart failure is understood and treated through translational research. This partnership reflects our shared commitment to addressing the unmet needs in cardiovascular care while strengthening our leadership in the biomedical ecosystem, positioning us at the frontier of cardiovascular research locally, regionally, and globally.” Said Bharat Bhardwaj, vice president of APAC sales at Agilent.

Over the past decade, Agilent has made significant contributions to research advancement aimed at improving population health in Singapore. In 2019, the National University of Singapore (NUS), National University Hospital (NUH), and Agilent launched a $38 million research hub to boost clinical diagnostics and biochemistry testing.

Last year, Agilent partnered with NUS, acting through the Yong Loo Lin School of Medicine (NUS Medicine), established the NUS-Agilent Center of Excellence in Cell Metabolism in support of the Singapore Ministry of Health’s Project RESET, Cardiovascular Metabolic Disease Translational Research Programme (CVMD-TRP) and PREVENT-HF to accelerate the discovery of novel insights into the complex mechanisms of heart disease.

About Agilent Technologies

Agilent Technologies Inc. (NYSE: A) is a global leader in analytical and clinical laboratory technologies, delivering insights and innovation that help our customers bring great science to life. Agilent’s full range of solutions includes instruments, software, services, and expertise that provide trusted answers to our customers’ most challenging questions. The company generated revenue of $6.51 billion in fiscal year 2024 and employs approximately 18,000 people worldwide. Information about Agilent is available at www.agilent.com. To receive the latest Agilent news, subscribe to the Agilent Newsroom. Follow Agilent on LinkedIn and Facebook.

About the National Heart Centre Singapore

The National Heart Centre Singapore (NHCS) is a leading national and regional referral centre for cardiovascular diseases, offering 185 beds and a comprehensive range of cardiac care services from preventive to rehabilitative. Ranked #12 as the World’s Best Cardiology Hospital by Newsweek 2025, NHCS’s clinical outcomes are consistently recognized at the international level, meeting or exceeding global standards. It is also the only facility in Singapore providing heart and lung transplantation programme.

As an academic medical centre, NHCS is committed to training healthcare professionals and advancing cardiovascular health through cutting-edge translational research in collaboration with local and international collaborators.

For more information, please visit: www.nhcs.com.sg

Media Contacts

Grace Thong

Agilent Technologies 

+65 9688 2152

grace.thong@agilent.com

 

Belinda Lim

National Heart Centre Singapore

+65 9689 7453

Belinda.lim.s.m@nhcs.com.sg

 

1 https://www.who.int/health-topics/cardiovascular-diseases#tab=tab_1 

2 Ramachandra, C. J. A., Hernandez-Resendiz, S., Crespo-Avilan, G. E., Lin, Y. H. & Hausenloy, D. J. Mitochondria in acute myocardial infarction and cardioprotection. EBioMedicine 57, 102884, doi:10.1016/j.ebiom.2020.102884 (2020).

3 Mehta, A. et al. Identification of a targeted and testable antiarrhythmic therapy for long-QT syndrome type 2 using a patient-specific cellular model. European heart journal 39, 1446-1455, doi:10.1093/eurheartj/ehx394 (2018).

4 Ramachandra, C. J. A. et al. Inhibiting cardiac myeloperoxidase alleviates the relaxation defect in hypertrophic cardiomyocytes. Cardiovascular research 118, 517-530, doi:10.1093/cvr/cvab077 (2022).

 

Cielo expands APAC footprint with South Korea office, continuing rapid regional growth

SEOUL, South Korea, Nov. 13, 2025 /PRNewswire/ — Cielo, the world’s leading Talent Acquisition Partner, today announced the opening of its new office in Seoul, South Korea, further strengthening its presence across the Asia Pacific region. Located at Spaces Autoway Tower in the Gangnam district, this expansion marks Cielo’s entry into its 13th country in APAC, reinforcing the company’s position as the fastest-growing RPO provider in the region.

The new office will initially house a specialized team focused on delivering Cielo’s comprehensive talent acquisition solutions, including RPO, TA Optimizers™, Employer Branding & Talent Marketing, Executive Search capabilities and AI-driven tools for both multinational and local organizations in South Korea.

“We’ve received increased interest in our solutions from clients and prospects in South Korea over the past couple of years,” said Doug Terry, SVP Client Services for Cielo. “Our ability to deliver via our new in-country teams allows us to help our clients navigate the unique challenges of hiring in the Korean market, combining global best practices with local market knowledge.”

The South Korea expansion comes amid growing adoption of RPO solutions among both local and multinational companies in the country, as organizations seek to drive recruitment effectiveness, realize efficiencies, allocate spend more effectively, gain greater access to skilled talent, and navigate the complex regulatory environment.

“This expansion is part of Cielo’s continued growth, agility and investment across the APAC region,” says Sid Suhas, SVP. “By establishing and expanding a local presence across key locations, including Seoul, Tokyo, and Shanghai, we’re enhancing our ability to work closely with global and regional clients at a local level, delivering tailored talent acquisition solutions that address their specific needs.”

“Cielo’s APAC operations have demonstrated remarkable momentum, with the company experiencing substantial year-over-year growth across all products and services,” adds Suhas. “This expansion reflects Cielo’s commitment to its global growth strategy while maintaining a client-first mindset that enables regional nuance and flexibility to meet in-market needs.”

About Cielo
Cielo is the world’s leading Talent Acquisition Partner. We deliver a better talent experience for everyone through Talent Acquisition, Search, Consulting, and Digital Accelerators™. With our fresh approach – we design and build comprehensive, proven solutions inspired by technology to find and keep the unique talent that elevates our clients above the competition. To learn more, visit cielotalent.com.

Media Contact:
Annamarie Andrews
Annamarie.Andrews@cielotalent.com

The Ultimate Solution for Utility-Scale Solar Plants: Antaisolar Launches Next-Generation Intelligent Tracking System AT-Spark

XIAMEN, China, Nov. 13, 2025 /PRNewswire/ — Antaisolar officially launched its next-generation intelligent solar tracking system AT-Spark during the “Spark ON” global launch event. Designed for utility-scale solar plants, AT-Spark meets the growing demand for higher energy yield and lower LCOE, offering an integrated solution that optimizes performance across the entire project lifecycle.

AT-Spark Tracking System Launch Event
AT-Spark Tracking System Launch Event

Enhanced Structural Design for Greater Stability, Faster Installation and Cost Efficiency

AT-Spark features a multi-slew drive system and octagonal torque tube, increasing stiffness by 40%, strength by 50%, while reducing material costs by 30%. Its optimized design enables a 143 m tracker span, reducing pile usage by 20%. With 145 mm and 170 mm shaft options, AT-Spark adapts to various terrains and wind conditions.

The newly patented dual-spherical bearing automatically adjusts to terrain slopes, minimizing manual alignment. Its modular, quick-install bearing housing improves installation efficiency by 25%, significantly shortening construction time and lowering labor costs.

SmartTrail™ Control System: Boosting ROI with Intelligence

Equipped with the SmartTrail™ control system, AT-Spark integrates Antaisolar’s advanced tracking algorithm to optimize module angles based on direct, diffuse, and reflected irradiance, effectively increasing energy yield. The system includes four intelligent protection modes against extreme weather conditions. Having passed 42 extreme tests, it offers IP65/IK07 protection, industrial-grade chips, and encrypted data communication. The mobile app, SCADA Station, and SCADA Remote enable real-time monitoring, remote control, and smart O&M management.

AT-Spark: A One-Stop Lifecycle Solution

Beyond a tracker, AT-Spark delivers a one-stop solution covering design, manufacturing, delivery, installation, and after-sales services. Supported by a global supply chain, 24–48-hour spare-part dispatch, and local technical teams, Antaisolar ensures long-term reliability and maximizes customer value.

“AT-Spark is more than a product—it’s our vision for the future of Utility-Scale Solar Plants,” said Jasmine Huang, CEO of Antaisolar. “We will continue to Raise a Green World with innovation-driven, high-value solar solutions.”

About Antaisolar

Antaisolar, expert in digital intelligent PV mounting system solutions, has shipped 41.7 GW of solar mounting systems worldwide, ranking Top 9 in tracking system shipments worldwide according to S&P. Established in 2006, the company is a market leader in Japan, Australia, Chile, Mexico, and Southeast Asia.

Watch launch video here: https://www.youtube.com/@Antaisolar-pvmountingsystem

For more information, please visit: https://www.antaisolar.com/

Manhattan Associates Recognised Among Top 5 Best Workplaces™ in Singapore 2025

SINGAPORE, Nov. 13, 2025 /PRNewswire/ — Manhattan Associates has been announced as one of Singapore’s Best Workplaces™, ranking 5th overall in 2025, where 100% of its employees say it’s a great place to work. In an evaluation across numerous categories, a selection of outstanding workplaces were recognised by research and consulting firm Great Place To Work® Singapore.

The Singapore’s Best Workplaces in Technology list by Great Place To Work® is highly competitive, recognising exceptional companies. Over the past 30+ years, Great Place To Work® have surveyed more than 100 million employees to help organisations around the world identify and build high-trust, high-performing workplace cultures. The selected companies are purpose-driven and adopt a people-first mindset, consistently showing that authentic care and employee well-being need not be compromised for business growth.

Similarly, Great Place To Work®’s list of Best Workplaces in Singapore evaluates companies based on employee experiences of trust and ability to achieve their full potential through daily innovation, along the company’s values and effectiveness of its leaders to ensure employees are consistently experienced. Companies were only considered if they are a Great Place to Work Certified™ organisation.

“We’re incredibly proud to see Manhattan Associates Singapore acknowledged once again as a great workplace,” said Richard Wright, Managing Director, SEA, at Manhattan Associates. “This recognition speaks to the passion and purpose our people bring to everything they do. Our culture is built on openness, collaboration, and a shared drive to innovate and it’s that collective energy that continues to shape our success.”

Only companies who attain at least 65% on Great Place To Work’s Trust Index© Survey can attain the Certification. What sets Great Place To Work apart is its unique focus on celebrating organisations that embrace fairness in employee treatment and create an encompassing workplace experience. This approach translates into assessing how effectively companies create an outstanding employee experience that transcends the limitations of factors like race, gender, age, and disability status, fostering an environment where everyone feels valued and included.

“For over three decades, we’ve worked to create a workplace where people feel supported, inspired, and connected. This acknowledgment reflects the teamwork and positivity that sit at the heart of our culture,” said Raghav Sibal, Vice President APAC at Manhattan Associates.

This notable inclusion among Singapore’s premier Best Workplaces reinforces Manhattan Associates’ commitment to nurturing an environment that champions enthusiasm, inclusivity, and progress. It reflects the company’s dedication to providing an exceptional workplace experience continues to be a cornerstone of its strategic priorities.

For more information about Manhattan Associates, visit www.manh.com. Receive up-to-date product, customer and partner news directly from Manhattan Associates on XLinkedIn and Facebook.

 

Meshy Hits $15M ARR with 30% Month-over-Month Growth, Unveils Meshy 6 Preview for Next-Gen 3D Creation

The Silicon Valley leader is reshaping 3D content creation with breakthrough generative AI technology.

SUNNYVALE, Calif., Nov. 13, 2025 /PRNewswire/ — Meshy, a Silicon Valley 3D generative AI leader, has taken the top spot in the global 3D GenAI market following the October launch of Meshy 6 Preview. Praised for its innovation, the tool has quickly become the industry’s favorite. In under two years, Meshy has surpassed $15 million in Annual Recurring Revenue (ARR), maintained 30% Month-over-Month(MoM) growth, and secured the largest global market share—driving the future of 3D content creation.

With the rapid advancement of generative AI, 3D content creation is undergoing an unprecedented transformation. However, traditional 3D modeling processes are often complex, time-consuming, and prohibitively expensive—long constraining creative expression. Since its inception in 2023, Meshy.ai has been driven by the mission to “Unleash 3D Creativity.” The company is committed to leveraging AI to dramatically lower the barriers to 3D creation, fundamentally changing the time-consuming nature of traditional workflows, with the goal of becoming the “Canva for 3D.”

“Meshy is driving a transformation in 3D content creation,” said Dr. Yuanming (Ethan) Hu, Founder and CEO of Meshy. “By integrating generative AI with 3D modeling, we’ve redefined what’s possible in terms of speed and cost, and more importantly, digital creativity. In this era of explosive creative growth, we firmly believe that 3D creation should belong to everyone, not just professionals. Just as Canva empowered everyone to become a designer, Meshy will lead the democratization of 3D, letting creativity flourish and making creation accessible to all. This is Meshy’s steadfast commitment to 3D Creation Equity.”

  • New Product Launch

The newly released Meshy 6 Preview introduces significant “sculpture-level” advancements in mesh quality. Key enhancements include richer surface details, more accurate geometric structures, and more lifelike expressions for characters and organic models, alongside sharper edges and clearer overall forms for hard-surface models. Since its release in October, the new version has been highly praised by game developers and 3D printing enthusiasts. It garnered over 1,000 positive reviews within the first month and achieved impressive ratings on major platforms—a 4.7/5 score from 400+ reviews on the leading business software review platform G2, and a 4.7/5 from 600+ reviews on Trustpilot.

  • Rapid Growth and Market Performance

In under two years since launch, Meshy has achieved an ARR of $15 million. The company maintained a remarkable 30% monthly revenue growth rate in 2025, placing it among the top 2% of fastest-growing AI companies in Silicon Valley. Demonstrating a robust business model, Meshy operates with a high gross margin of 85%. Meshy now serves a global community of 6 million users, including game developers, 3D printing enthusiasts, and diverse 3D creators.

  • Industry Recognition and Market Leadership

Meshy’s market leadership has earned recognition from authoritative institutions. It was named the most popular 3D AI tool and the only 3D generation solution mentioned in A16Z Games’ 2024 Annual Report. According to SimilarWeb data, Meshy ranks first globally in website traffic among 3D GenAI sites, with over 3 million monthly visits. Meshy leads Western markets with a penetration rate exceeding 50%.

Meshy is reshaping the 3D creation ecosystem through its technological innovation and user-centric product philosophy. The launch of Meshy 6 Preview further empowers creators to unlock their 3D creative potential. Looking ahead, Meshy will continue refining its generation quality, workflow efficiency, and controllability——driven by its unwaving mission to democratize 3D creation and make creativity accessible to everyone, everywhere.

Finloop and 1exchange Forge Partnership to Build a Compliant RWA Liquidity Ecosystem

SINGAPORE, Nov. 12, 2025 /PRNewswire/ — Finloop Finance Technology Holding Limited (“Finloop“), a global one-stop Web5 wealth technology platform, and 1exchange (“1X“), a leading regulated exchange for Real-World Assets (RWA) security tokens listing and trading, jointly announce a strategic partnership to advance the compliant, secure, and trusted issuance, listing, secondary market trading, and liquidity management of RWA security tokens and private market assets.

This collaboration focuses on the cutting-edge RWA sector, integrating Finloop’s innovative tokenization technology platform with 1X’s expertise in security token compliant listings and secondary market trading. The two parties will join forces to facilitate RWA security tokens listing and trading under a robust regulatory framework. The partnership aims to deliver comprehensive end-to-end solutions that combine innovation, security, and efficiency, exploring diverse assets such as equities, funds, bonds, and asset linked notes to expand application scenarios, enhance market access, and unlock new liquidity channels for the digital economy.

As Web3.0 evolves, RWAs have emerged as a vital bridge connecting traditional and digital finance. Yet cross-border legal disparities, legal recognition of asset rights, and compliance requirements in issuance and liquidity continue to pose challenges. Finloop and 1X are collaborating to embed compliance throughout the entire RWA lifecycle — from tokenization issuance, listing to secondary-market trading — thereby setting an innovative and regulator-aligned benchmark for the industry.

1exchange is committed to providing an efficient listing solution that opens a blockchain-powered pathway for RWA security tokens to access global liquidity, while offering a regulated secondary market that brings investors a broader range of investment opportunities. Finloop, one of the strategic enterprises of the Office for Attracting Strategic Enterprises (OASES) of the Government of Hong Kong Special Administrative Region, provides comprehensive wealth management products and technology solutions to financial institutions, including building a one-stop platform for RWA technology, issuance, and distribution.

Cai Hua, CEO of Finloop, said: “We are thrilled to establish this deep collaboration with 1exchange. Finloop’s leadership in blockchain infrastructure, on-chain protocols, and smart contract development in Hong Kong, combined with 1X’s expertise in compliant trading and liquidity management in Singapore, will enable us to deliver secure, efficient, and transparent solutions of asset tokenization for financial institutions, enterprises and investors.”

Sheena Lim, CEO of 1exchange, added: “Partnering with Finloop marks a significant milestone in expanding our tokenized assets offering and ecosystem. Together, we will collaborate closely across RWA tokenization, product structuring, compliant listing, and secondary market trading, enhancing liquidity and investor access for RWA security tokens on regulated digital trading platforms, setting a trusted and sustainable benchmark for the industry.”

Moving forward, Finloop and 1X will deepen their partnership, optimizing RWA product structures and strengthening cross-border compliance capabilities in alignment with the regulatory frameworks of Hong Kong and Singapore. The collaboration will drive the standardized development of the Web3.0 industry in Asia, fostering a compliant and innovative RWA liquidity ecosystem.

About Finloop Finance Technology Holding Limited

Finloop Finance Technology Holding Limited, along with its subsidiaries (collectively referred to as “Finloop”), is an AI-driven global one-stop Web5 wealth technology platform that offers comprehensive wealth management products and technology solutions to various financial institutions. Its offerings include cash management, public funds and private funds, structured products, bonds, insurance, and virtual assets. As a fintech leader in Asia during the Web3 wave, Finloop has focused on bridging physical and digital assets, developing a one-stop RWA technology, issuance and distribution platform to pioneer new growth pathways in the wealth management industry.

Visit www.finloop.hk for more information. For media inquiries, please contact pr_team@fosunwealth.com.

About 1exchange

1exchange, a member of FOMO Group, is a leading exchange for Real-World Assets (RWA) security tokens and private listings, licensed by the Monetary Authority of Singapore (MAS). Offering full-stack on-chain infrastructure, the platform enables issuers to list RWAs, while enabling investors to trade modern digital assets in a regulated secondary market, unlocking global liquidity.

Visit www.1x.exchange for more information. For media inquiries, please contact media@1x.exchange.

CapBridge Unlocks Access to Tokenised Money Market Fund sgBENJI with Franklin Templeton

SINGAPORE, Nov. 13, 2025 /PRNewswire/ — CapBridge, a licensed one-stop digital investment platform and a member of FOMO Group, has announced a collaboration with Franklin Templeton, the world’s leading global investment firm, to provide regulated access to sgBENJI, the firm’s tokenised money market fund. This partnership underscores CapBridge’s commitment to broadening compliant access to digital investment products.

Issued on the Stellar blockchain, sgBENJI forms part of Franklin Templeton’s initiative to bring more investment offerings into the digital asset ecosystem through tokenisation. The fund provides investors with regulated exposure to high-quality, low-risk assets through a blockchain-based structure. Through CapBridge’s regulated platform, investors can access the fund efficiently and securely, meeting demand for transparent and compliant access to tokenised real-world investments.

“At CapBridge, we are committed to enabling secure, compliant access to a broad range of institutional-grade investment opportunities, including tokenised assets,” said Janet Liu, CEO of CapBridge. “Our collaboration with Franklin Templeton to offer access to sgBENJI reflects our continued efforts to bridge traditional finance and digital innovation under regulatory oversight, while delivering greater efficiency and transparency for investors.”

Looking ahead, CapBridge will continue to support the integration of traditional finance and digital innovation through regulated, accessible investment solutions tailored to the evolving needs of modern investors.

About CapBridge
CapBridge, a member of FOMO Group, is a leading digital investment platform headquartered in Singapore. As a Capital Markets Services licensee, CapBridge is regulated by the Monetary Authority of Singapore (MAS) to offer top-tier funds, digital asset funds, stocks, bonds, equities, and arrange life insurance products. It provides mass affluent, HNWIs, and institutional clients with seamless access to both private and public markets, meeting clients’ diverse asset allocation needs.
For more information, please visit www.capbridge.sg. For media inquiries, please contact media@capbridge.sg.

About Franklin Templeton

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and US$1.69 trillion in assets under management as of October 31, 2025. For more information, please visit www.franklinresources.com and follow us on LinkedIn, Twitter and Facebook.

This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.

ASEAN FinTechs secure larger deals amid decade-low funding: FinTech in ASEAN 2025 report

Singapore retains top position as the region’s FinTech hub while mature players dominate mega deals

SINGAPORE, Nov. 13, 2025 /PRNewswire/ — ASEAN’s Financial Technology (FinTech) sector has entered a leaner phase in 2025, recording its lowest funding amount since 2016 and fewest deals in the past decade. Amid funding headwinds driven by market volatility and heightened caution among investors, FinTechs that captured attention obtained larger investments, particularly mature late-stage FinTechs whose resilience helped them secure the region’s largest deals, contributing to the bulk of total funding. These insights are part of the FinTech in ASEAN 2025: Navigating the New Realities report, jointly launched today by UOB, PwC Singapore and the Singapore FinTech Association (SFA).

Across the six largest ASEAN economies[1], both funding amount and number of deals declined in the first three quarters of this year (9M25) compared to the same period last year. Total funding secured by region fell 36 per cent to around US$835 million, while the number of deals plunged 60 per cent to 53 deals. Although overall funding declined, the region saw a 42 per cent jump in average deal size to US$21.4 million in 9M25, signalling stronger investor confidence in FinTechs that successfully differentiate themselves in a competitive landscape.

As investors de-risk amid an uncertain macroenvironment, their focus continues to shift from early-stage FinTechs chasing rapid growth to those demonstrating profitability, scalability and sustainability. This trend is reflected in mature, late-stage FinTechs capturing 67 per cent of ASEAN’s total funding in 9M25, a 24-percentage-point increase year-on-year (yoy). The average funding per late-stage deal also soared by 40 per cent yoy to around US$112 million, driven by three mega deals totalling nearly US$450 million.

Ms Janet Young, Managing Director and Group Head, Channels & Digitalisation and Strategic Communications & Brand, UOB, said, “As ASEAN’s FinTech sector recalibrates, innovators continue to show remarkable resilience. The rise in average deal size and strong performance of late-stage companies underscore investor confidence in the region’s long-term potential as a thriving digital economy. We believe that innovation is the key to driving sustainable growth and financial inclusion. Guided by our commitment to building the future of ASEAN, we will continue to foster collaboration, support the catalysing of new solutions and empower businesses to seize the opportunities in the digital future.”

Ms Wong Wanyi, FinTech Leader, PwC Singapore, said, “Over the past decade, the FinTech landscape in ASEAN has seen significant growth and innovation. Mobile payments and Artificial Intelligence-driven platforms have boosted financial inclusion. Collaboration among ASEAN countries has enhanced cross-border transactions and economic integration. Despite slower funding and lower valuations, investor confidence persists, fuelled by sophisticated FinTechs that have successfully adapted to market shifts, putting them ahead of the curve. Such resilience is often grounded in strong risk management, agile business models, comprehensive organic and inorganic expansion strategies, as well as effective stakeholder communication. Capital is expected to increasingly flow toward ventures with strong value propositions and execution excellence. If we continue in this trajectory, FinTech will keep ASEAN at the forefront of global innovation.”

Ms Holly Fang, President, Singapore FinTech Association, said, “Singapore’s position as the region’s leading FinTech hub reflects the strength of its collaborative ecosystem, where regulators, financial institutions, and innovators work together to drive meaningful change and sustainable growth. The sector’s focus on sustainable growth and profitability marks an important step in the maturation of the FinTech ecosystem, where firms are being tested on their ability to sustain innovation amid an increasingly volatile and uncertain environment. As the industry continues to mature, SFA remains committed to supporting FinTechs at every stage of growth, fostering innovation, and strengthening regional connectivity to advance Singapore’s FinTech ecosystem.”

Singapore reinforces its position as ASEAN’s FinTech powerhouse

Singapore continues to cement its position as the region’s FinTech hub, attracting 87 per cent of total funding in 9M25, amounting to more than US$725 million. This marks a significant rise from 57 per cent of funding share in 9M24 and 65 per cent in 9M23, underscoring the city-state’s status as the preferred base for FinTechs.

Singapore accounted for more than half of the region’s 53 deals in 9M25, primarily in blockchain for financial services and investment technology. Pre-series and early-stage investments made up 79 per cent of the country’s deals, highlighting opportunities for budding innovation. Notably, eight out of ASEAN’s top ten funded FinTechs for 9M25 are based in Singapore, of which five are late-stage firms.

Outside the city-state, FinTechs in the other key ASEAN markets faced a more challenging fundraising environment. Indonesia, trailing behind Singapore, saw its share of funding fell from 20 per cent in 9M24 to a mere four per cent in 9M25, with deals dropping from 23 to 10. Philippines, tying with Indonesia in the second place, clinched its position with five deals, one of which was alternative lending firm Salmon which secured ASEAN’s sixth most funded deal as an early-stage firm. The remaining three markets, Malaysia, Thailand and Vietnam, collectively accounted for less than 10 per cent of total funding in 9M25 and saw noticeably fewer deals.

Despite the harsh funding winter and intensified competition, ASEAN remains resilient to support FinTech innovation. The sector’s pivot toward operational excellence, realistic valuations, and sustainable growth lays the foundation for a more mature and resilient ecosystem, putting ASEAN’s FinTechs to a test on their ability to sustain innovation in a volatile, uncertain, complex and ambiguous (VUCA) world.

The FinTech in ASEAN 2025: Navigating the New Realities report was launched at Singapore FinTech Festival today. For the full report, please visit go.uob.com/fintech2025.

– Ends – 

About UOB

UOB is a leading bank in Asia. Operating through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, UOB has a global network of more than 470 branches and offices in 19 markets in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.

For nine decades, UOB has adopted a customer-centric approach to create long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within, and connecting with, ASEAN.

The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer’s unique needs and evolving preferences. UOB is also committed to help businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of art, social development of children and education, doing right by its communities and stakeholders.   

[1] Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam