India: Takes over China for fintech investment

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India: Takes over China for fintech investment

India: Overtaken China as the leading hub in Asia for fintech investment

  • India overtake china for the first time after a major drop-off of deals in China
  • Fintech deals in China fell 81% in Q2, securing just 15 in total
  • India skated past with 23 VC-backed deals, but China still secured $25m more than India in overall funding
  • The slowdown of fintech investment in China seems to be a result of what investors have called the ‘capital winter’
  • It determined government efforts to reduce financial risk after uncertainty surrounding big Chinese tech companies
  • There has also been an absence of ‘mega deals’ since last year in China