Asia’s Fintech Investments Projected to Hit $548 Billion by 2028: UnaFinancial

UnaFinancial Analysts have projected an increase in global fintech venture investments, estimating a 77% rise to $1.88 trillion by 2028. 

According to the report, which utilized data from Tracxn, Asia is expected to secure $548 billion of this total, placing it second only to North America. In 2023, Asia has already garnered $369 billion in fintech investments, highlighting its growing influence in the sector.

North America currently leads the world in fintech venture capital, with investments totaling $453 billion in 2023. This figure is anticipated to reach $834 billion by 2028. The report by UnaFinancial underscores the rapid growth and potential of the fintech industry in both regions, driven by increasing venture investments across various sectors.

Asia ranks second globally in fintech venture capital, amassing $369 billion in 2023. The leading sectors include e-commerce (59%), digital payments and transfers (17%), and digital lending (11%). 

Analysts predict that fintech venture investments in Asia will grow by 49%, reaching $548 billion by 2028. According to experts, this growth is driven by an evolving regulatory framework and a high level of adaptation to new technologies, as confirmed by the EY FinTech Adoption Index, which highlights Asia’s leadership in fintech adoption.

In 2023, Europe was the third-largest recipient of fintech venture investments, with $188.8 billion. Projections suggest that by 2028, this figure will rise to $383.8 billion, marking a 103% increase. 

South America follows with $30 billion in 2023, expected to grow to $35 billion by 2028. Meanwhile, Australia and Africa are anticipated to see their investments increase to $22.4 billion and $22.2 billion, respectively, from their 2023 figures of $12.8 billion and $9.6 billion.

Southeast Asia has also shown notable progress, with fintech startups securing $851 million in funding in the first half of 2024, according to Tracxn. UnaFinancial reports that the leading fintech sectors in 2023 were e-commerce, digital payments and transfers, and digital lending. The company’s analysts highlight that the region’s evolving regulatory environment and rapid technological adoption are key drivers of this positive trend.

UnaFinancial is a group of companies that develop user-friendly digital financial solutions across Asia and Europe, and has been pivotal in this growth. Focused on providing simple and reliable access to finance through innovative technologies, UnaFinancial has served over 14 million clients, granting loans worth more than $1.5 billion since its inception.

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