New Delhi: The fintech industry in India reached a significant milestone in the first half of this year by securing a spot in the top three globally funded, alongside the US and the UK, as per a report released on Friday.
In the first half (H1) of 2024, the domestic fintech sector received $795 million in funding, marking an 11% decrease from H2 2023, as indicated in a report by Tracxn, a leading market intelligence platform.
2024 saw the creation of Perfios as the only unicorn, along with six acquisitions and five IPOs in the fintech sector during the January-June period.
Bengaluru led the way in total fintech funding raised in 2024, followed by Mumbai and Pune, further establishing the growth of multiple fintech hubs across India’s diverse startup ecosystem.