Indian Fintech Funding Report May 2024

Funding Snapshot: 2024

IaaS providers are set to deliver comprehensive solutions for Embedded Finance players, spanning issuance, claims management and policy renewal. These platforms will innovate to meet the needs of emerging customer segments such asgig workers, micro-SMEs, and low-income groups, offering flexible, affordable, and customized insurance solutions. Insurersand brokers will transition to a customer-centric ecosystem, leveraging data analytics and behavioural insights to driveengagement, with IaaS playing a pivotal role in enhancing customer experience. With USD 242 million invested so far this year, investor interest has  been prominently in the enabler segments. The limited instances of repeat funding and the consistent investment in unique companies each month highlight the ongoing innovation within the Indian fintech sector