 "Funds raised by Indian fintechs sees 296% jump in 2021 at $5.94 bn")
At a time when once seen as the poster-boy of India's digital payments system, Vijay Shekhar Sharma-owned Paytm has run into rough weather, global investors have been chasing fintech companies across the Asia-Pacific (APAC) region in 2021, suggests a note from S&P Global Market Intelligence. Fintech companies in APAC secured $15.69 billion from venture capitalists in 2021, sharply up from $5.87 billion they got in 2020 and 74 per cent higher than pre-pandemic levels in 2019, the report said.
US investors, led by venture capitalists, funded 358 fintech companies in the APAC region in 2021, up from 134
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