Fintech Deals in Indian Startups Surpass China Despite a Lending Slowdown
By M. Sriram
The number of fintech deals in Indian start-ups surpassed those in China for the previous quarter, despite a slowdown in lending in India, according to a report. India saw 23 fintech deals during the second quarter of 2019, compared to 15 investments in China during the same period, according to The Global Fintech report from CB Insights, a global intelligence platform.
However, China had marginally higher investments at $375 million during the period, compared to the $350 million in India. China also saw deals drop to a new 5-quarter low of 15 deals, down 81% from Q2 of 2018.
Photo courtesy of Pabak Sarkar.