Fintech Research

Apr

Fintech sector in Pakistan faces mounting challenges

Despite having significant promise for fintech investment, with one of the world’s largest unbanked populations, Pakistan’s digital finance sector faces mounting challenges as the broader startup ecosystem is finding it hard to attract funding. In the 2023 fiscal year, fintech funding in Pakistan fell 80% to just US$20 million while…

Mar

Fintech Research

Sea hits profitability milestone

It’s been a long road to reach this point but Sea has finally done it: The Singapore-based company recorded its first full year of profitability in 2023. Net income was US$163 million, while revenue reached US$13 billion, up 5% from 2022. However, Sea owed its profitability more to its performance…

Feb

Fintech Research

Grab made a profit in Q4 but challenges remain

Given that ride hailing and food delivery tend to burn cash, Grab’s profitable fourth quarter augurs well for the Singapore-based company, especially considering brisk growth in its fintech services. However, we should keep in mind that it was a modest profit of US$11 million, which seems to have come about…

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