Last month Andhra Pradesh’s coastal city Visakhapatnam, or Vizag, was buzzing with financial technology startups showcasing products, competing in front of various stakeholders and help ring in Chief Minister Chandrababu Naidu’s vision to make Vizag the fintech hub of India. “By…
Tag: Neha Punater
VC-backed deals in fintech space decline to five-quarter low: Report
Despite the buzz around start-ups working on financial technologies (fintech), investors globally and in India are approaching the sector with caution, a report said. According to ‘Pulse of Fintech’, a report from CB Insights and KPMG, venture capital (VC)-backed fintech funding fell 17% worldwid…
Indian fintech start-ups a long way off from big global peers
Though IT trade body Nasscom claimed that India has more startups than China last week, the KPMG Fintech100 report for 2016 does not reflect it. In the top 100 fintech companies shortlisted from across countries, there are only three Indian startups that have made the cut, while China dominates t…