Forbes:

A recent Forbes report indicates a slowdown in fintech funding across Asia, attributed to global market volatility and rising interest rates influencing investor selectivity. Southeast Asia experienced a 36% decrease in funding during the first half of the year, while India saw a 26% decline, and China a more moderate 4.5% decrease. Investment strategies are diverging across markets. Southeast Asia is witnessing a preference for late-stage funding rounds, while India's early-stage funding remains relatively robust. Notable funding rounds include investments in Singapore-based Airwallex ($300 million), Bolttech ($147 million), and China's FundPark ($71 million). Amidst this cautious environment, investor interest is notably shifting towards fintech companies emphasizing artificial intelligence (AI) capabilities, particularly in India and China. This trend reflects a key characteristic of the current investment landscape rather than a primary driver of the overall funding slowdown.