- Busines Today
Indian fintech industry remains third-highest funded in H1 2023 despite 67 per cent dro
The Indian fintech industry remained the third-highest funded in the world in the first half of 2023, reveals a new report by market intelligence platform Tracxn. Notably, the country trails the US and UK, just as it did in the previous year.
In H1 2023, investments into Indian fintech start-ups dropped by a substantial 67 per cent, as they raised a total of $1.4 billion compared with the impressive $4.3 billion raised in the first half of last year. Despite this decline, the funds raised in the first six months of 2023 only dipped by 6 per cent from the $1.5 billion raised in H2 2022, the report said.