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

International | Dated: 16 Jan 2025

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.

🎯 Key Highlights:

  • - 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.

💡 Other Important Facts:

  • (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).

📚 Test Your Knowledge:

According to Tracxn's Annual India Fintech Report 2024, what position did India secure globally in fintech funding Recently?

Correct Answer: 3rd

🚀 Quick Recap:

About Tracxn Technologies Limited

  • MD and Chairperson: Neha Singh
  • Headquarters: Bengaluru