Nine of Southeast Asia’s 12 leading payment startups are from Singapore, including the three largest by total capital raised, according to data from Tracxn.

Nine of Southeast Asia’s 12 leading payment startups are from Singapore, including the three largest by total capital raised, according to data from Tracxn. Airwallex accounted for nearly 70% of the $3.48b (US$2.7b) combined funding raised by the 12 payment startups, Tracxn said. Thunes, a cross-border payment service provider, had $466.96m ($362m) in total equity funding. Finture Group $129m (US$100m) in total equity funding received. Two Indonesian companies—Honest and OY!—clinched the fourth and fifth spot, with total equity funding at $129m (US$100m) and $112.22m (US$87m), respectively.