Indian FinTech investment on track to break new record in 2022

  • Indian FinTech funding in 2022 is set to beat last year’s levels by 31% and deal activity is also expected to rise 8% setting a new record for the country. Total transaction value in the digital payments segment is projected to grow more than three-fold this year to $143bn.
  • Large deals over $100m have been the driving force behind investment in the country and accounted for 60% of capital invested in 2021. So far this year, large deals over $100m have come from Polygon ($450m), a platform for Ethereum scaling and infrastructure development, Hero FinCorp ($278m), who provide financing for the purchase of Hero MotoCorp two wheelers, and oxyzo ($200m), who offer smart financing for SMEs.
  • Marketplace Lending continued as the most dominant sector in Q1 2022 accounting for 23% of deal activity although this is a slight decrease compared to 2021 levels where Marketplace Lending companies had a 26% share of total transactions. Notably the Blockchain & Crypto sector increased its deal share by 3.3 percentage points to 11% in 2022.
  • On 1 February this year India announced new Crypto regulation intending to levy a 30% tax on any income generated from crypto transactions and a second tax of 1% at source on all transactions (TDS). India also intends to introduce a digital rupee (a central bank digital currency, or CBDC) within the 2022 financial year.

The data for this research was taken from the FinTech Global database. More in-depth data and analytics on investments and companies across all FinTech sectors and regions around the world are available to subscribers of FinTech Global. ©2022 FinTech Global

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