The fintech startup ecosystem saw 5.8x higher capital inflow to reach $4.6 Bn funding across 160 deals in January-August 2021 period
With 57.7% share, digital payments startups made more than half of the total fintech funding raised
Lending tech and payments startups secured $860 Mn and $2.6 Bn, respectively
As the Indian startup funding hit an all-time high with $26 Bn raised in the first eight months of 2021, the fintech startup ecosystem saw 5.8x higher capital inflow to reach $4.6 Bn funding across 160 deals as compared to the same timeframe last year.
In January-August 2020, the fintech startup ecosystem had seen $0.8 Bn investment across 84 deals while in the same period in 2019, the fintech ecosystem reached $1.6 Bn in 88 deals in the country, indicating the growth trajectory led by the lending and digital payment startups in the pandemic i.e. 2020.