Bengaluru: India’s FinTech sector continues its rapid ascent on the global stage, emerging as the third-largest startup ecosystem in the world after the United States and the United Kingdom, according to a new report by Tracxn, an AI-based market intelligence platform.
From January to September 2025, Indian FinTech startups raised a total of $1.6 billion, reflecting the industry’s resilience and steady investor confidence amid global economic uncertainty. The growth was largely driven by early-stage startups, which collectively attracted $598 million in funding — a rise from $555 million in 2024.
While late-stage funding declined to $863 million from $1.2 billion last year and seed-stage investments dropped to $129 million, the sector still witnessed significant deals, including Groww’s $202 million Series F round and Weaver Services’ $170 million raise. These large-scale investments reaffirmed India’s growing importance in the global financial technology landscape.
The report also recorded 23 acquisitions during the nine-month period — a slight increase from the previous year. Among them, the $2 billion acquisition of Resulticks by Diginex stood out as the largest deal. Additionally, the ecosystem added two new unicorns and saw one IPO — that of Seshaasai, mirroring the momentum seen in 2024.
Bengaluru maintained its dominance as India’s FinTech capital, accounting for 52 per cent of total investments, followed by Mumbai at 22 per cent. The two cities continue to anchor the country’s innovation landscape, drawing both domestic and international investors.
Commenting on the report, Neha Singh, Co-Founder of Tracxn, said,
“India’s FinTech ecosystem continues to demonstrate resilience amid a period of funding moderation. The consistent early-stage activity and emergence of new unicorns highlight the sector’s strong long-term potential.”
She added that the concentration of innovation in Bengaluru and Mumbai “shows the maturity and depth of India’s startup ecosystem.” As the industry evolves, Singh noted, the focus will likely shift toward deeper technological innovation and wider investor participation from both Indian and global markets.
With a robust base of startups, sustained investor interest, and growing digital adoption, India’s FinTech sector is set to play a pivotal role in shaping the future of global financial innovation.
