A detailed breakdown of India’s fintech funding for September and October 2025. Explore top deals, segment-wise insights, city-wise funding trends, and the impact of RBI’s new Payment Aggregator Master Direction....
Know moreIndian Fintech Funding Report August 2025
What’s Inside?
India’s fintech ecosystem raised $261M across 14 startups in August 2025—Lending led the charge, with Bangalore continuing as the top-funded city.
Top Funded Segment:
Lending dominated with $146M, driven by Vistaar Finance’s $99M Series E and steady traction in MSME credit models.
Other Highlights:
- UnifyApps, TransBnk & WizCommerce together secured $83M, underscoring investor confidence in workflow automation and transaction banking solutions.
- Kiwi (Payments) raised $24M Series B, signaling continued demand for consumer-focused payment products.
- Shivalik Small Finance Bank & CredRight attracted mid-size rounds, highlighting momentum in niche lending and co-lending platforms.
- Mitigata (Insurance) brought in $5.9M, reflecting interest in cyber insurance distribution.
- Funding was concentrated in Series B+ rounds, with seed activity limited to sub-$3M deals, indicating cautious early-stage bets.
- Bangalore led with $148M, followed by Gurugram ($55M) and Pune ($19M)
Regulatory Focus
RBI’s Co-Lending Arrangements (CLA) Directions, 2025 introduced a uniform framework across lenders—capping Default Loss Guarantee (DLG) at 5%, mandating 10% risk retention, escrow requirements, and real-time reporting—aimed at boosting transparency, risk-sharing, and financial inclusion.
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