India ranks 3rd in global fintech funding despite 33% drop in 2024: Report

India ranked third globally in terms of funding received in the fintech segment despite a decline of 33 per cent on a year-over-year basis to USD 1.9 billion in 2024, market intelligence firm Tracxn said in a report on Monday.

The sector witnessed a decline in funding, driven by a broader slowdown in demand and geopolitical headwinds, Tracxn’s Annual India fintech report 2024 said.