December 10, 2021India
India draws $1.93 bn fintech investment in Q3; tops APAC: S&P Global
India continued to lead fintech investments in the Asia-Pacific (APAC) region with $1.93 billion raised across 66 deals in the third quarter of 2021, suggests a note by S&P Global Market Intelligence.
At an aggregate level, investments in Asian fintech companies surged 68 per cent sequentially to $5.47 billion in the third quarter, notching a new quarterly high since the first quarter of 2019 (Q1-2019). Meanwhile, fintech investments in Southeast Asia more than doubled on a quarter-over-quarter basis to $1.90 billion.
Going ahead, experts see the fintech landscape changing rapidly in India as digitisation of customers and merchants opens up new possibilities for players to provide financial services. Also, established players would continue to be major players in the near-term, especially banks in the context of deposit creation and lending.
