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India fintech sector sees substantial growth

January 2025

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Banking Frontiers

The fintech sector of India has seen Subftantia en 3 of 2024, securing US$778 million in funding - a 66% increase compared to Q3 2023 (US$471 million) and a 165% surge from Q2 2024.

India fintech sector sees substantial growth

A report published by India Briefing places this growth in India second only to the United States in terms of fintech funding FINTECH for Q3 2024. While Q1 2023 still holds the highest funding record at US$1.16 billion, Q3 2024 followed closely with US$778 million. The top-funded fintech segments were alternative lending, investment technology and payments. In addition, 2 startups went public, and one company achieved unicorn status during this period.

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