How US investors are gauging SE Asia’s fintech potential

With Tilman Ehrbeck, Managing Partner, Flourish Ventures

Sheel Mohnot, Co-Founder, Better Tomorrow Ventures

Southeast Asia’s fintech startups accounted for the most number of deals in 2020 garnering around $1.26 billion in investor commitments, according to DealStreetAsia’s proprietary data. The bulk of the funding, or $634 million across 31 deals, went to e-payment startups that have seen rapid adoption driven by the region’s vast under-banked population.

In this panel, we feature two US-based fintech investors who will share their insights on the fintech scene in SE Asia.  Spun out of the Omidyar Network in 2019, US-headquartered Flourish Ventures focuses on neobanks, insurtech and embedded finance. Some of its Southeast Asian portfolio companies include Grab Financial, Qoala, Tanihub and ShopUp. Flourish Ventures’s Ehrbeck believes SE Asia has arrived at a crossroads where it may borrow multiple influences from fintech ecosystems across the US, China and India.

Better Tomorrow Ventures is a $75-million fund that leads rounds in pre-seed and seed-stage fintech companies globally. Co-founder Sheel Mohnot believes fintech is a great way to improve people’s lives. Based in San Francisco, Better Tomorrow invests globally as it believes there is talent and unmet needs everywhere. Better Tomorrow Ventures has made some Asian bets including in Indonesian startup Brick and Pakistan-based Creditbook. Mohnot is also a limited partner in AngelList-backed iSeed’s micro fund for SE Asia.

Join this session to get a nuanced perspective on the region’s fintech potential.