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Despite COVID, India sees 2nd-best year of Fintech funding


By
siliconindia  |  Thursday, 25 February 2021, 09:54 Hrs
The Covid-19 disruptions have given an added push to the development of digital ecosystem in the country as is evident from the increased investor activity in the Fintech sector despite the challenges posed by the pandemic.
According to KPMG s Pulse of Fintech H2 20 report, disruptions have turned into opportunities for the sector with India attracting $2.7 billion in Fintech investment in 2020, the second highest amount ever next to 2019 s peak of $3.5 billion.
The attractiveness of the country s Fintech sector for investors has been focused around payments followed by Insurtech and Wealthtech.
Fintech investors adjusted their strategies in H2 20, moving away from both early stage companies and lending-based businesses and towards later stage companies. Also, investors focused more on profitability, the bi-annual report on global Fintech investment trends by KPM ....

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