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According to the Fintech India report released by data intelligence platform Tracxn, funding during the January-March quarter dried up year on year across stages, with seed stage down 77% to $9.9 million, early stage down 42% to $147 million and late stage falling 60% to $394 million, compared to the previous year.
Amid the funding winter, India’s fintech sector experienced a significant setback, with a 63% decline in fund inflows throughout 2023, according to a report by Tracxn.
Newgen Software has announced that the Development Bank (DB) selected Newgen to streamline its Banking Processes
The National Bank of Oman (NBO), has forged an alliance with Federal Bank of India, a prominent player in cross-border remittance
An excerpt from ‘Fintech For Billions: Simple. Human. Ubiquitous’, by Bhagwan Chowdhry and Anas Ahmed.