Fintech players get $2.7 billion from VC funds in 2020: Report
Payments remained the hottest area of investment, followed by tech-driven insurance firms and tech-driven wealth managers, the report said.Premium
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. Updated: 25 Feb 2021, 03:27 PM IST PTI
The biggest investments were into Bengaluru-based payments firm Navi Technologies at $397.9 million from angel funds, Noida-based Pine Labs attracted $300 million from private equity players, and Razorpay received $100 million from GIC of Singapore, Sequoia and others, making it a unicorn
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MUMBAI :
Despite the pandemic-induced disruptions, venture capital funds pumped $2.7 billion into domestic fintech companies in 2020, the second-highest fund infusion into the sector since 2019 when it had peaked at $3.5 billion, according to a report.