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Vietnam closes in on Singapore as fintech funding booms

Investors flood the region with cash as chase for unbanked intensifies

Mobile e-payment logos seen at a street food stall in Vietnam's Ho Chi Minh city. Vietnam's slice of regional venture capital funding devoted to fintechs soared from just 0.4% in 2018, to 36% in the nine months to September 30.   © Reuters

SINGAPORE -- Vietnamese financial technology startups are quickly catching up to Singapore in attracting Southeast Asian venture capital funding, with Indonesia rounding out the region's top three investment destinations.

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