Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Fintech sector witnesses 33% fall in funding at $1.9 billion in 2024
The New Indian Express Tadepalligudem
|January 14, 2025
Though the country's fintech ecosystem is considered one of the top three globally funded sectors in 2024, after the US and the UK, it managed to raise only $1.9 billion in 2024, which is a 33% drop compared to $2.8 billion secured in 2023 and a 66% decline from $5.6 billion raised in 2022, according to data shared by market intelligence platform Tracxn.
The funding landscape in 2024 saw a significant shift, with only three $100 million-plus funding rounds recorded, marking a 50% decline from the six such rounds in 2023. Some of the notable deals in 2024 included DMI Finance's $334 million funding led by MUFG, and Credit Saison's, an online marketplace for consumer and business loans, $144 million in a Series D funding round.
This story is from the January 14, 2025 edition of The New Indian Express Tadepalligudem.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Tadepalligudem
The New Indian Express Tadepalligudem
Jaishankar snubs UN over Pak terror, says ‘all not well
EAM says Islamabad blocks world body’s sanctions over Pahalgam attack
1 mins
October 25, 2025
The New Indian Express Tadepalligudem
Gold rally lifts forex reserves by $4.5 billion
THE record rally in gold prices, which scaled past $4,300/ounce mark in the reporting week, have lifted the overall forex reserves by $4.5 billion to near the record level it had scaled in September when it was near $705 billion.
1 min
October 25, 2025
The New Indian Express Tadepalligudem
DON'T CRITICISE CITIZENS DEMANDING BETTER INFRA
HE acrimonious exchange between Karnataka’s top political and corporate leaders over Bengaluru’s failing infrastructure has only served to highlight the reality that has become the city’s identity—cratered roads, traffic bottlenecks, and garbage piles.
1 mins
October 25, 2025
The New Indian Express Tadepalligudem
SBI Life profit falls 6.6% despite rise in premium income
SBI Life Insurance on Friday reported a 6.6% year-on-year fall in net income to ₹494.6 crore in the September quarter, despite the largest private sector life insurer saw its premium income growing by 22.6%.
1 min
October 25, 2025
The New Indian Express Tadepalligudem
MP crackdown against carbide gun makers as eye injury cases reach 300
IN the aftermath of carbide guns inflicting severe eye injuries to around 300 people, mostly children and teenagers in Madhya Pradesh during Diwali, authorities have launched a crackdown against the seemingly harmless toys.
1 mins
October 25, 2025
The New Indian Express Tadepalligudem
India on alert as polio cases rise in Pak, Afghan
DESPITE being officially certified as polio-free in 2014, India remains at risk of polio reinfection due to vaccine-derived poliovirus (VDPV), its proximity to endemic countries, Pakistan and Afghanistan, and potential gaps in immunity, experts said here on the occasion of World Polio Day on Friday.
2 mins
October 25, 2025
The New Indian Express Tadepalligudem
Taliban govt to construct a series of dams on Kunar to limit water to Pak
IN a move that could have far-reaching consequences for Pakistan's already strained water and energy security, Afghanistan's Taliban government has said it will build a series of dams on the Kunar River.
1 min
October 25, 2025
The New Indian Express Tadepalligudem
POWER OF EDUCATION DIPLOMACY
REVERSE SWING
4 mins
October 25, 2025
The New Indian Express Tadepalligudem
Piyush Pandey: The adman who spoke to India in its own language
IYUSH Pandey was the odd man out at a RedInk Awards panel discussion soon after Prime Minister Modi was voted in for the first time in 2014.
1 mins
October 25, 2025
The New Indian Express Tadepalligudem
Yeast can survive Martian environment: IISc
YEAST, an indispensable ingredient in making bread, beer, and biotech products, has the resilience to withstand harsh conditions found in the Martian environment, a new study by researchers from the Department of Biochemistry, Indian Institute of Science (IISc), and collaborators at the Physical Research Laboratory (PRL), Ahmedabad, have found.
2 mins
October 25, 2025
Listen
Translate
Change font size