Fintech Funding Rises 14% to $2.2 Billion Despite Drop in Total Deals
Data from Tracxn reveals that fintech funding grew 14% to $2.2 billion in the first nine months of the year, up from $1.9 billion previously. However, the total number of funding rounds dropped significantly by 41% to 153. This shift indicates a consolidation trend where investors are backing fewer companies with larger amounts of capital.
Source: The Economic Times on MSN