Startup funding: 2018 was the year of Fintech startups, ecommerce investments slipped to second place
5 Dec 2018 2:00 AM GMT
2018 saw Fintech lead the funding charts as investments in Lending surged and Payments held its own. The early-stage continues to see great momentum and funding has increased in almost every sector ac...
- Also read: India’s most active finding investors startups poured funding into this sector in 2018]Top 10 deals took 60 percent of total funding raisedThe top 10 deals by value in fintech accounted for 60 percent of total funding raised, once again reflective of the overall trend – that investors are taking pole positions in companies with a proven track record and the ability to scale.
- Lending startups have better algorithms and have aced the distribution race over the incumbents.
- Payment ecosystem sees more mature capital In the first 11 months of 2018, payments as a category accounted for 29 percent of equity investments in the Indian fintech space, raising $610.86 million.
- This is a 61 percent fall from last year when payments firms – including Paytm - had raised $1.59 billion.Like last year, Paytm’s investment made up a large chunk of this year’s funding numbers in the payments space.
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