China’s fintech startup ecosystem survived as the breeding ground for venture capitalists (VC) over the last two years despite India marginally surpassing in the third quarter (Q3) of 2019. An analysis of Deals Database of GlobalData’s Disruptor Intelligence Center discloses that the Indian fintech startups attracted VC investments of more than USD 330 million in Q1 2020 against China’s approximately USD 270 million. In terms of deal volume too, the number of VC investments in India stood at 37 while China managed to close only 26 deals.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.