How this year fared for Fintech and Outlook for 2025

By: Kaushik Chatterjee, Founder, lendingplate

As we approach the close of 2024, the fintech landscape in India has seen dynamic growth, with significant achievements and a few challenges shaping the industry’s trajectory. Fintech has become integral to modern financial services, and according to a report by Tracxn, India now ranks fourth globally in all-time fintech funding, trailing only the US, China, and the UK. This position demonstrates India’s influence as a fintech powerhouse and hints at an exciting 2025, where emerging trends are set to reshape financial services in fundamental ways.

Government Support and Funding for Fintech in 2024

The Indian government has shown remarkable support for the fintech industry this year, with both regulatory backing and funding contributions. India’s fintech sector witnessed substantial growth in Q3 of 2024, securing $778 million in funding—a 66% increase compared to Q3 2023 ($471 million) and ...