State Of Indian Fintech Report Q4 2023, InFocus: Rural Fintech

In Q4 2023, fintech funding in India experienced a decline of 12% compared to Q4 2022, amounting to $413 Mn. This downturn was accompanied by the lowest median ticket size observed in the past three years. Despite this, lending tech retained investor interest, while fintech SaaS emerged as a strong contender. This report also delves into the rural fintech sector in India — which is witnessing significant growth, presenting a lucrative opportunity for startups in the country. Expected to reach over $208 Bn by 2030, this segment of the $2.1 Tn fintech market offers prospects for both new entrants and established players. Particularly, insurance, digital payments, and lending are emerging as key sectors in rural India.

In Q4 2023, fintech funding in India experienced a decline of 12% compared to Q4 2022, amounting to $413 Mn. This downturn was accompanied by the lowest median ticket size observed in the past three y...View more

• $413 Mn+

  Total Funding Raised In Q4 2023

• $3.3 Mn

  Median Ticket Size Of Investment

• Lending Tech

  Subsector With Most Investor Interest

• $208 Bn+

  Market Opportunity For Rural Fintech Startups By 2030

• $1.3 Bn+

  Total Funding Raised By Rural Fintech Startups Since 2015

• Delhi NCR

  Hub Producing Most Rural Fintech Startups