Fintechs still attract entrepreneurs in the start-up universe

Despite decreased fund flows, tightened regulations and reduced valuations, fintechs are still attracting entrepreneurs in the start-up ecosystem with diverse business models that are disrupting different segments in the sector.

In FY24 so far, fintechs have received over 15 per cent of the total equity funding into start-ups, according to data provided by Tracxn. Of the total $4.1 billion received by start-ups in India from January to May this year, fintechs have got over $630 million in 62 rounds, the data showed.