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Southeast Asia’s fintech boom is going public. Will these IPOs rewrite global investing?

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Fintech IPOs to Watch: Startups from Indonesia to Vietnam


Southeast Asia’s fintech and green‑energy scene is heating up as several high‑growth startups gear up for blockbuster IPOs, drawing global capital and spotlighting the region’s innovation power. Leading the charge is GCash, operated by Globe Fintech Innovations (Mynt), planning a late‑2025 IPO on the Philippine Stock Exchange. It expects to raise $1–1.5 billion at a $7.5–8 billion valuation, marking a potential record in Philippine financial history.


In Indonesia, Akulaku, a BNPL and digital lending platform with presence in four Southeast Asian markets, is reportedly eyeing a 2025 public debut. Backed by Alibaba and a 2022 bank acquisition, the company is riding rapid revenue growth.


Vietnam’s Selex Motors, known for its EV scooters and battery‑swapping network, is also being tipped for a public listing as it expands partnerships with delivery giants in Hanoi and Ho Chi Minh City.Meanwhile, Singapore’s Oyika, a battery‑swapping pioneer for e‑motorbikes operating across Indonesia, Thailand and Cambodia, is attracting investor attention, potentially paving the way for an IPO.


Adding to the list, climate‑tech fintech Helios, offering solar‑mortgage financing in the Philippines, is gathering momentum after launching national bank partnerships.


This wave of capital‑market activity signals confidence in Southeast Asia’s digital finance and clean‑energy sectors. Institutional and retail investors are watching closely, with optimism buoyed by urbanization, climate goals, and regional consumer adoption.



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