The third quarter (Q3) stood out as the highest-funded quarter of the year, with $805 million raised \u2014 a 61 per cent increase compared to Q3 2023, according to the report by Tracxn, a leading market intelligence platform.<\/p>\n\n\n\n
Additionally, 59 per cent of the total funding was secured during the second half of the year, indicating a late-year recovery. August emerged as the most robust month for funding, contributing $434 million to the annual total.<\/p>\n\n\n\n
“Despite the global funding slowdown, India\u2019s fintech ecosystem continues to demonstrate remarkable resilience and adaptability. The emergence of two new unicorns and a record eight IPOs in 2024 underscore the sector\u2019s ability to thrive amid challenges,\u201d said Neha Singh, Co-founder at Tracxn.<\/p>\n\n\n\n
The year saw 26 acquisitions along with eight IPOs and two unicorns.<\/p>\n\n\n\n
\u201cAs we look to the future, the sector is poised to build on these successes, driving financial inclusion and innovation while solidifying its position as a global leader in the fintech space,\u201d said Singh.<\/p>\n\n\n\n
The funding landscape in 2024 saw a significant shift, with three $100 million-plus funding rounds recorded.<\/p>\n\n\n\n
Digital lending solutions accounted for 64 per cent of the total funding raised during the year. The investment tech segment garnered $320 million in funding.<\/p>\n\n\n\n
Bengaluru maintained its leadership as the top hub for fintech funding in 2024, followed by Mumbai and Delhi.<\/p>\n\n\n\n
Regulatory developments have also played a critical role in shaping the fintech landscape this year.<\/p>\n\n\n\n
In August, the Reserve Bank of India (RBI) granted Self-Regulatory Organisation (SRO) status to the Fintech Association for Consumer Empowerment (FACE), an industry body representing approximately 80 per cent of digital lending volumes in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bengaluru, Jan 13 (Blitz India Business) The Indian fintech sector raised $1.9 billion in 2024, keeping its position as one of the top three globally-funded fintech ecosystems last year, behind the US and the UK, a report showed on Monday. The third quarter (Q3) stood out as the highest-funded quarter of the year, with $805 […]<\/p>\n","protected":false},"author":1,"featured_media":672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-671","post","type-post","status-publish","format-standard","has-post-thumbnail","category-latest-news"],"_links":{"self":[{"href":"https:\/\/buzzwuzz.com\/blitzmedia\/wp-json\/wp\/v2\/posts\/671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buzzwuzz.com\/blitzmedia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buzzwuzz.com\/blitzmedia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buzzwuzz.com\/blitzmedia\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buzzwuzz.com\/blitzmedia\/wp-json\/wp\/v2\/comments?post=671"}],"version-history":[{"count":1,"href":"https:\/\/buzzwuzz.com\/blitzmedia\/wp-json\/wp\/v2\/posts\/671\/revisions"}],"predecessor-version":[{"id":673,"href":"https:\/\/buzzwuzz.com\/blitzmedia\/wp-json\/wp\/v2\/posts\/671\/revisions\/673"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buzzwuzz.com\/blitzmedia\/wp-json\/wp\/v2\/media\/672"}],"wp:attachment":[{"href":"https:\/\/buzzwuzz.com\/blitzmedia\/wp-json\/wp\/v2\/media?parent=671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buzzwuzz.com\/blitzmedia\/wp-json\/wp\/v2\/categories?post=671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buzzwuzz.com\/blitzmedia\/wp-json\/wp\/v2\/tags?post=671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}