Tracxn's Annual India Fintech Report 2024: India Secures 3rd Spot Globally in Fintech Funding.

International

According to Tracxn Technologies Limited, a prominent global market intelligence platform based in Bengaluru, Karnataka, the 'Annual India Fintech Report 2024' revealed that India secured the 3rd position globally in fintech funding. This came despite a 33% decline in funding year-on-year (YoY), dropping to USD 1.9 billion from USD 2.8 billion in 2023.


      - The report attributed the decline in fintech funding to a broader slowdown in demand and geopolitical challenges.

      - The United States of America (USA) topped the global ranking, followed by the United Kingdom (UK) in 2nd position.

     

Main Point :-   (i) Bengaluru (Karnataka), Mumbai (Maharashtra), and Delhi (Delhi) emerged as the top three Indian cities for fintech funding in 2024.

      (ii) The top three investing companies in the fintech sector include Peak XV Partners (Karnataka), LetsVenture Technologies Private Limited (Bengaluru, Karnataka), and Y Combinator, LLC (California, USA).


About Tracxn Technologies Limited

MD and Chairperson: Neha Singh
Headquarters: Bengaluru
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