Fintech funding falls 59% to $795 mn in H1, 2024

BENGALURU: In the first half of this year (January-June 2024), the fintech sector witnessed a declining trend in funding as they could manage to raise only $795 million, a 59% fall compared to $1.93 billion raised in the same period last year.

The sector garnered $896.7 million in H2, 2023, according to market intelligence platform Tracxn. In its semi-annual report, the firm said the funding in late-stage rounds stood at $551 million, a 63% decline from the $1.5 billion the sector raised in H1, 2023.