Investors stay bullish on fintech bandwagon

Our cash-driven economy has responded well and multiple, new, frontiers have opened for investors

Deal activity in the financial services technology (fintech) space continues to remain strong, with start-ups announcing a fund-raise every second week.

Since 2012, investors have pumped about $2.35 billion (Rs 15,000 crore) into fintech firms in 325 deals, says data platform VCCEdge.

The bulk went into payments ($875 million, 109 deals), consumer finance/lending ($875 mn, 109 deals), and other small niches. The $2.35 bn includes the financial software space - Mphasis was acquired by Blackstone for $824.6 mn in April 2016.

Even if one excludes deals in financial software, the fintech tally adds to $1.53 bn (Rs 9,800 crore) and this doesn't include