Yearly Performance Report of Indian Fintech Startups - 2024

Fascinating the Fintech market with Unique solutions:

Using its patented credit rating algorithm, CASHe introduced various solutions such as BNPL – buy now pay later options and payment transfer facilities that are focused on catering the financial requirements of salaried millennials. Biz2X India has designed risk analytics and loan management solutions for banks to streamline the lending operations efficiently. Bimaplan developed an embedded insurance platform to access the insurance product effectively. Arthan Finance has unveiled personalized lending solutions driven by AI and deep learning technologies.

Emerged to calm the storm of financial hurdles in 2024, the Indian Fintech startups proved their innovativeness and resilience by turning the challenging days into opportunities.

Vital VC investments done in Fintech startup system:

The venture capital investments in fintech startup ecosystem reported vital activities. The total VC investments in this area achieved $2.20 billion in 2024, showing a slight drop compared to the preceding year investments. Though, there is drop in total funding transactions, the number of deals has surged significantly indicating a persisted investor interests in the industry. Notable transactions includes BharatPe secured $25 million from Tiger Global, BankSathi bagged $5 million from Chiratae Ventures, Cashfree Payments captured $10 million from Accel India, Arthan Finance acquired $8 million from Omidyar Network India, Jar won $50 million from Prosus, Perfios packed $20 million from Matrix Partners India, and Zolve sealed $30 million from Sequoia Capital India. These key investments indicate that financial backers remain optimistic about the potential outlook of Indian fintech ecosystem.