China’s fintech startup ecosystem survived because the breeding floor for enterprise capitalists (VC) over the past two years regardless of India marginally surpassing within the third quarter (Q3) of 2019. An evaluation of Offers Database of GlobalData’s Disruptor Intelligence Heart discloses that the Indian fintech startups attracted VC investments of greater than USD 330 million in Q1 2020 in opposition to China’s roughly USD 270 million. When it comes to deal quantity too, the variety of VC investments in India stood at 37 whereas China managed to shut solely 26 offers.
Seed funding of fintech startups accounted for lots of the funding offers in India whereas China has shifted its wager from seed-stage fintech startups to scaling levels. Startups within the funds and lending sectors led the variety of investments in India, whereas China’s offers have been extra in cross-sector fintech startups. Fintech startups within the analytics tech space represented the very best variety of offers in India in addition to China.