Disrupting technology is changing the face of the fintech. Most of the segments in the space such as payment or loans or bank transfers are witnessing unprecedented growth.
The sudden rise in the financial technology space has given birth to a gamut of financial sector startups, which have in turn seen interests from popular investors and venture capitalists. India has experienced the emergence of numerous FinTech startups, accelerators, and incubators this year.
While Paytm (excluding investment in Paytm Payment Bank) had bagged about $1.5 billion that amounts 71 per cent of total capital raised by 15 startups (value wise) in the financial technology sector, Mumbai-based Acko Insurance clinched largest seed round ($30 million) to venture into general insurance space.
According to Entrackr’s data, so far financial technology startups had clinched 116 deals totalling $2.49 billion in investment. Let’s have a look at top 15 deals (value wise) in fintech space this year: