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India's Fintech Sector Secures $1.9B
The Business Guardian
|January 14, 2025
The Indian government's initiatives, such as the repeal of the 'angel tax' in July 2024, have been instrumental in fostering a conducive environment for fintech growth. This policy change aims to stimulate innovation and attract more investment into the country's burgeoning startup ecosystem.
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India's fintech sector has solidified its position as a global leader, securing $1.9 billion in funding in 2024.
Despite a 33% decline from the previous year's $2.8 billion, the country remains the third-largest recipient of fintech investments worldwide, following the United States and the United Kingdom.
The 33% decrease in 2024 funding reflects a broader slowdown in global fintech investments, influenced by factors such as economic uncertainties and geopolitical tensions.
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