Financial services increase the revenues of startups in Southeast Asia 500

However, all Internet platforms in the region have increased all this year. seaNo. 15, five places in Southeast Asia rose 500 for this year after their revenues grow by about 30 % on an annual basis to reach 16.8 billion dollars.

Singapore Hold It also rose 24 places, reaching the number 128 in this year’s list, with revenues of $ 2.8 billion. And a horse riding colleague GotoAnd based in Indonesia, 13 sites jumped with $ 1 billion sales.

All three platforms can cite certain commercial businesses to help pay the last success: financial services. None of these companies are really starting as Fintech companies. SEA focuses on games and e -commerce, while GRAB and GOTO started riding and delivery. But financial services prove that they are clear and direct – and perhaps profitable – for technology companies in the region.

Financial services are a small part, but it grows rapidly, from sea business. Digital financial services arm at sea, It was recently renamed To Mone, it grew about 35 % last year, reaching $ 2.4 billion. SEA carried this momentum until 2025. MONE’s revenues recorded an annual basis of 57.6 % in the first quarter, reaching 787.1 million dollars.

As of March 31, 2025, consumer director and suspended loans reached $ 5.8 billion, an increase of 76.5 % over the same period last year.

Monee launched an electronic portfolio in 2014, and since then it has expanded to services such as credit, banking services and Insurtech. Most of the digital financial revenues and the operation of the sea is driven by its consumer and the small and medium -sized credit company.

SEA also has a digital two skeptic: Maribank, which works in Singapore, and Seabank that works in Indonesia and the Philippines.

GRAB’s financial services were also the fastest riding platform last year, as revenues increased by 44 % to $ 253 million. Once again, this momentum was launched in 2025, with financial services revenues increased by 36 % on an annual basis in the first quarter.

Like SEA, GRAB First Financial Services has started with an electronic portfolio. The company now offers loans to its drivers and merchant partners, as it expanded in the digital banking space through Gxs Bank and GX Bank in Singapore and Malaysia, respectively.

The total GRAB, which was spent from March 31, 2025, reached 566 million dollars, an increase of 56 % over the same period in the previous year.

Gotot also created its financial services application, separate from the leading Gojek service. GoPay, launched in 2023, uses less mobile data than having to use GoPay through Gojek, which facilitates access to those who have less powerful phones. Goto also holds a 22 % stake in Bank Jago, an Indonesian digital bank.

The revenues of the Financial Services Unit in Goto doubled last year, reaching 3.7 trillion Indonesian rupees ($ 230 million).

Why invest in financial services?

Financial services are still a smaller work for the sea and GOUTO seizure when compared to their main services, but they are naturally providing these technology companies as they try to serve residents who are still suffering to a large extent. The total margin of financial services is often higher compared to its main services provided such as e -commerce or riding.

These customers usually represent greater risks to traditional financial institutions. But technology platforms argue with their data on users, which have been obtained from e -commerce or services upon request, can help build a risk profile that can be used to judge creditworthiness, and thus allow them to pay loans to a part of the population that traditional banks may not want to work with.

Digital banks offer another way to gain more customers. SEA, SEA or Goto can encourage their electronic archive users to open a new account with a digital bank. This, in turn, will give these companies more data, and at the end, start providing other services such as investment and investment products.