India Digest: Vegapay, DiFACTO Robotics raise funding
Vegapay has raised $5.5 million in seed funding, while DiFACTO Robotics and Automation has raised about $4.8 million in its Series A round.
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Vegapay has raised $5.5 million in seed funding, while DiFACTO Robotics and Automation has raised about $4.8 million in its Series A round.
Despite regulatory challenges imposing higher governance costs, procedural delays and hurdles in establishing partnerships with banks for fintech firms, such actions serve as a runway for them to build a scalable platform in the long run, said senior partners at early-stage venture capital investor firm Elevation Capital.
Growing at a robust 22% CAGR, the digital consumer lending market is poised to nearly triple in size by 2030.
New Delhi: India’s fintech ecosystem, the third-largest globally, is expected to reach a scale of $70 billion in annual revenue by FY30, accounting for
Report says this is because of rapidly growing digital population, widespread digital banking adoption, robust public infrastructure, and a favourable regulatory environment