Jaipriya K S,
Content Writer, siliconindia

With several startups making waves by securing ample funding and launching innovative solutions, the fintech startup ecosystem of India recorded a notable growth in 2024. The startup ecosystem of India witnessed the launch of 81 new funds such as private equity and venture capital funds. Over the total funding deals, fintech sector alone accounted 15.6% of total fund launches which made the sector one of the most attractive sectors for the investors. Particularly, the early-stage startups were very favored, where 40 funds worth $1.94 billion funding launched precisely for them.

Top Fintech Funding deals of the year:

Marking its 3rd major fintech investment of this year, the daily gold saving app Jar has bagged $50 million from Prosus.

Neo-banking startup Zolve secured $30 million in funding to empower young professionals to navigate financial complexities in today’s financial landscape.

Zolve is among the few startups I've seen that achieved product-market fit right out of the gate. Given that the U.S. is a country with immigrants in its DNA, it's surprising how long it has taken someone to solve the issues that new immigrants experience with the traditional banking system," stated Anand Daniel, Partner, Accel.

To enhance its solutios over UPI QR payments and lending services, the leading fintech startup BharatPe lifted $25 million funding.

B2B fintech software company, Perfios obtained $20 million to improve its real-time credit analytics and decisioning platform.

“This investment will further help us in strengthening the digital transformation journey of our partners, thereby powering financial inclusion and providing access to financial services to billions across the globe. I am glad to have TVG as a new investor in our Perfios family,” stated Sabyasachi Goswami, CEO of Perfios.

App-based fintech startup Jupiter Money bagged $15 million to strengthen its digital banking experiences.

Non-banking financial firm, Arthan Finance upraised $8 million to speed-up the technological growth and expansion. Modern digital platform for financial advisors, BankSathi has bagged $5 million for enhance its platform more user-friendly.

Kunal Mehta, Founder and Director of Arthan Finance states, “This funding is crucial for our next phase of growth. We are committed to enhancing our technological capabilities and expanding our reach to serve more micro and small enterprises in underserved regions”.