The Southeast Asia 500 list shows a negligible 3% revenue contribution from tech companies, with only Sea breaking into the top 20. Companies like Sea, Grab, and GoTo have reported significant growth in financial services, which is pivoting them into more lucrative territories. Sea’s Monee has grown nearly 35% to $2.4 billion and keeps expanding. Grab’s financial services also saw rapid growth, highlighting a trend where non-fintech companies are enhancing their business models through fintech offerings, impacting overall rankings positively.
Sea's digital financial services arm, rebranded to Monee, achieved nearly 35% growth last year, reaching $2.4 billion, showcasing the growing demand for fintech in the region.
Despite its small revenue share, tech companies like Sea, Grab, and GoTo are leveraging financial services to significantly boost their standings on the Southeast Asia 500 list.
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