Key Indian Fintech Investment Stats in 2023:
• Indian Fintech Companies raised a combined $ 3.2bn in 2023, A 49% Drop from 2022
• Indian Fintech Deal Activity Totalled at 275 DEALS in 2023, A 40% Drop from the Previous YearHyderabad Wealth Management
• Lending Technology Was The Most Active Indian Fintech Subsector in 2023 with 58 Transactions, a 21% share of total
In 2023, Indian Fintech Firms Faced A Notble DeCline in their Fundraising Efforts, Collectively Securing $ 3.2bn, Which Marked A Significant 49% DecreASE Red to the Previous Year. This downurn was mirrored in the due activity with the indecent sector, as the numberof defined to 275, Reflecting a Substantial 40% Drop from 2022.
Phonepe, An Indian Payments Application, RAISED The LARGEST AMOUNT of Funding in India During 2023, RAISING $ 850m in Total During The Year. He Funding to Enter and Scale New Business Suff as INSURANCE, Wealth Management, Lending, Shopping and and and and and and and and and and and and and and and and and and and and and and and and and and and and and and and and and and and ANDAccount aggregators with the new funding. Phonepe’s most rencent update was released share.market, a stock brooking app, white is available as mobile app or Web p Latform and Will Enable Retail Investors and Traders to Purchase Stocks, Mutual Funds, and ETFS. ESTABLISHEDIn 2015, Phonepe Claims to be india’s larget payments app, tatering to both consumers and merchants, service over 440 million users across the subcontire. Yments Services, Including Bill Payments, As Well As Investments and Insurance Products.
LENDING Technology was the most action indied indtech subsector in 2023 with 58 dues, a 21% share of total deals. S, a 15% share of days and third was regified with 39 deads, a 14% shareOf touch deals.
Nirmala Sitharaman’s Interim Budget for the FinTech Section A Promise LandScape with A RS 1 Lakh Crore ($ 12bn) Fund Offering 50-Year Interest-Free Loans OR Tech-Driven Growth, FosctureIn Innovation and Potentially Intensifying Competition in LeendingAgra Investment. WHILE Presenting A StableRoadMap for Innovation Within the Financial Sector, Budget 2024 BRINGS A MIXED BAG FIRECH Lending and NBFC Sectors, with promising initiatives like the dbt E and Tech-Savvvy Growth Funds Which Contrasts Against Concerns About Fiscal DEFICIT and Tighter CONDITIONS. Key Takeaway Include APush Towards Digital Transactions for Government Schemes, Amount to Benefits Over RS 2.7 Lakh Crore ($ 32.6bn), Which Could Empower Technology Players ERINGANOVATIVE PAYENT SOLUTIONS and DISRUPTING TRADITIONGAL BANDINGINGINONELS. Additionally, The Focus on Budgets for Skill Development, Financial INCLUSION, AN DYouth Empowerment Promises a More Productive Workforce, Echioing The Government’s Commission to Initiatives Like PM Mudra Yojana and OverALL FINANCIAL On Efforts.
Nagpur Stock
