Record investment in Fintech

Investments worth $4.6 billion were recorded in India’s fintech space in the first three quarters of 2021.

The Q3CY21 alone saw investments worth $2.4 bn for 53 closed deals, a PwC report said.

Analysts expect exits in the fintech sector to increase, both in terms of IPOs and acquisitions.

“M&A activity is likely to grow considerably as corporates look to expand their capabilities and offerings”, PwC analysts said.

“Cross-border activity is also likely to be robust as fintech enterprises look to become global or regional leaders”.

There could be more ‘Big Tech’ partnerships in the fintech space, analysts predicted.

The Indian start-up ecosystem reported an investment totalling $10.9 billion across 347 deals in Q3 of CY21.