India draws $1.93 bn fintech investment in Q3; tops APAC: S&P Global

Going ahead, experts see the fintech landscape changing rapidly in India as digitisation of customers and merchants opens up new possibilities for players to provide financial services

India continued to lead fintech investments in the Asia-Pacific (APAC) region with $1.93 billion raised across 66 deals in the third quarter of 2021, suggests a note by S&P Global Market Intelligence.

At an aggregate level, investments in Asian fintech companies surged 68 per cent sequentially to $5.47 billion in the third quarter, notching a new quarterly high since the first quarter of 2019 (Q1-2019). The volume of transactions also rose 21 per cent to 216 deals, the report said. VIEW GRAPH HERE

The growth in investments in APAC region's fintech companies, according to the note,