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Funds for fintech cos hit 3-year low at $2 bn

Fintech funding in India declined by 63% in 2023, reaching a total of $2 billion. Only five rounds surpassed the $100 million mark. The decline is attributed to high borrowing costs and challenging macroeconomic factors. InCred was the only unicorn in 2023. ....

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India's fintech funding shrinks over 60% to $2 billion | Business Insider India

The fintech space saw five funding rounds surpassing the $100 million mark.The sector saw 31 acquisitions, and two initial public offers in 2023.Alternative ....

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India's fintech sector faced a 63% funding decline in 2023

Amid the funding winter, India’s fintech sector experienced a significant setback, with a 63% decline in fund inflows throughout 2023, according to a report by Tracxn. ....

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incred: InCred enters unicorn club with $60 million funding round

In 2022, InCred Finance and KKR India Financial Services merged to create a joint entity under the brand name InCred Finance. ....

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InCred Raises USD 60 Million From New and Existing Investors, Becomes Indiaâ€™s Second Unicorn of 2023: Report

Apart from its SME loans which comprises working capital loans, term loans, and channel finance, the product portfolio of InCred also includes personal loans wedding loans, medical loans, and travel loans and education loans. InCred Raises USD 60 Million From New and Existing Investors, Becomes India’s Second Unicorn of 2023: Report. ....

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