Fintech funding down 59% to $795 million in H1 2024: Tracxn report

Indian fintech companies saw a sharp 59 per cent drop in funding in the first half of calendar year 2024 (H1 2024), when pitted against the same period of 2023 (H1 2023).

Funding to fintech firms in H1 2024 was pegged at $795 million, 59 per cent less than $1.93 billion raised in H1 2023.

Sequentially, too, the funding was down 11 per cent from $896.7 million the sector raised in H2 2023, according to data from market intelligence platform Tracxn’s Geo Annual India Fintech Report H1 2024.