ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

India tops China in fintech funding for Q1

VC-backed deals in China hit a five-quarter low amid P2P clampdown

India enjoyed an uptick in venture capital-backed fintech funding in the first three months of this year.    © Reuters

TOKYO -- India surpassed China as Asia's top market for venture capital-backed fintech funding amid Beijing's clampdown on peer-to-peer lending.

According to a report by U.S. market research company CB Insights, funding for fintech startups in India jumped to $286 million in the first three months of the year, up nearly 27% from the previous quarter.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more