Glyph FinTech Shots: Financial Markets Show Mixed Signals: S&P 500's Record-Breaking Streak, European Fintech Funding Downturn, and ASEAN Fintech's Promising Prospects

Sofia Lyateva
August 1, 2023

S&P 500 Extends Winning Streak With Fifth Month of Gains

The S&P 500 index continued its winning streak, notching its fifth month of gains in July 2023. This remarkable performance marks its longest winning streak since 2021, as reported by the Wall Street Journal.

Emea fintech takes biggest hit in funding downturn

During the first half of 2023, the European fintech industry experienced a notable decline in funding, falling by over 50% compared to the previous period. The region bore the brunt of the global drop in fintech funding, according to Finextra.

Ex-Alibaba exec's fund bets big on 'golden era' of ASEAN fintech

A Hong Kong-based private equity fund led by a former Alibaba executive is showing strong confidence in Southeast Asia's financial technology sector. The fund aims to support promising startups and nurture them into "unicorns," companies with valuations surpassing $1 billion. Thunes CEO, Peter De Caluwe, highlights the fund's value in understanding and supporting the regional ecosystem. (Nikkei)



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