Fintech funding falls 59% to $795 mn in H1, 2024
The Morning Standard|July 06, 2024
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.
UMA KANNAN
Fintech funding falls 59% to $795 mn in H1, 2024

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 $1.5 billion the sector raised in H1, 2023.

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FLERE HISTORIER FRA THE MORNING STANDARDSe alt
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The Morning Standard

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The Morning Standard

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The Morning Standard

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The Morning Standard

Mixed archery team misses out on bronze

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Shuttler Sen makes history on court
The Morning Standard

Shuttler Sen makes history on court

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The Morning Standard

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The Morning Standard

Ola Electric IPO booked 35% on Day 1

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The Morning Standard

TMB profit rises 10% to ₹287 crore

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