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 Jan - July 2025
What’s Inside?
India’s fintech ecosystem raised $909M across 90 startups between Jan – July 2025 Lending and Payments dominated. This marks a 95% jump from $464M in Jan – July 2024, fueled by RBI’s Digital lending guidelines and Priority Sector Lending norms, which boosted credit innovation.
Top Funded Segment:
Lending led with $315M (Flexiloans, Infinity Fincorp Solutions, APACFIN), followed by Payments at $258M (CRED’s $75M Series G, Cashfree, Zeta).
Lending surged 148% YoY, driven by strong demand in MSME financing, digital credit platforms, and education loans, as regulatory clarity from RBI spurred scale-up investments.
Other Highlights:
Insurance drew $86M, led by InsuranceDekho’s $70M Series C, as investors backed digital-first distribution models; regulatory reforms like the Composite License and NHCX are set to further accelerate insurtech growth..
Smallcase ($50M) highlighted retail investor appetite for DIY investing.
Most rounds were Series B/C, showing preference for scaled, revenue-driven fintechs.
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