Financial services are pushing up the revenues of the Southeast Asia 500’s most prominent tech startups
From Yahoo Finance: 2025-06-21 20:00:00
Tech in Southeast Asia 500 only makes up 3% of total revenue, with Sea in the top 20. Sea’s revenue grew by 30% to $16.8 billion, Grab rose 24 spots to No. 128 with $2.8 billion revenue, and GoTo jumped 13 spots with $1 billion sales. Financial services is key to their success, with Sea’s Monee growing by 57.6% to $787.1 million in Q1 2025. Grab’s financial services revenue grew by 36% in Q1, reaching $253 million. GoTo’s financial services revenue doubled last year, hitting $230 million. Financial services offer higher gross margins and help reach underbanked populations. Sea, Grab, and GoTo expanding into digital banking and credit services to offer more to their users.
Read more at Yahoo Finance: Financial services are pushing up the revenues of the Southeast Asia 500’s most prominent tech startups