India topples China as top market for fintech deals

Pedro Gonçalves
clock • 2 min read

India has displaced China to become the top market in Asia for fintech deals for the first time, 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. Some of the notable Indian fintech deals sealed during the period of study include payments firm RazorPay's $74m Series C round led by Sequoia Capital India and Ribbit Capital, as well as insurtech company Acko's $65m Series C round led by Amazon. The finte...

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