Fintech Research

Feb

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…

Feb

Fintech Research

Across Asia, super apps are facing a moment of truth

The chill in fintech funding that saw investment in the sector fall 75% in 2023 dovetails with growing investor skepticism of unsustainable business models. In private markets, that is reflected in the difficulty of raising big-ticket funding, while for listed companies it is painfully obvious from battered share prices, regulatory…

Feb

Fintech Research

Why the UAE is progressing as a fintech hub

2023 was a challenging year for the fintech sector, with funding dropping precipitously in most parts of the world. However, the United Arab Emirates (UAE) managed to defy this negative trend. While overall investment in fintech firms decreased 48% year-on-year to US$51.2 billion in 2023, the UAE’s funding jumped 92%…

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