wordpress blog stats
Connect with us

Hi, what are you looking for?

,

Investors return to funding early-stage fintechs, finds startup platform Connexdoor

Investments in fintech companies stood at $2.64 billion in 2020, up by 6% from $2.49 billion in the previous year, according to a report by Connexdoor, a marketplace platform for startups. While fintech payments platforms attracted the lion's share of funding last year, investors have been channeling their funds to early stage startups, the report said. Overall, 137 fintechs raised funds last year through 157 deals, of which 76 deals were early stage rounds. The biggest deals last year include PhonePe's $788 million deal in December 2020, Navi Capital's $457 million capital infusion in April and Razorpay's $100 million Series D round in October last year. "While Investors remained cautious for high ticket sized deals, the number of deals in 2020 increased to 157 by 24% from 127 deals in 2019. Thereby indicating confidence in the Indian Fintech ecosystem and…

Please subscribe/login to read the full story.
Written By

Reports on banking, payments, fintech and crypto-curencies. Additional reporting on media regulations, data protection and other areas.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ