Friday, 24 March, 2023

Fintech Funding May Fall This Year as RBI Circulars Dampen Growth Prospects

<p>The two recent RBI circulars on loading credit on prepaid instruments and on digital lending are anticipated to have an impact on Indian fintech companies. Fintech companies are seeking for ways to get around the RBI circulars, but doing so is likely to affect their funding much more. Fintech funding is probably going to be less than it was in 2021, when massive $10 billion was invested across more than 580 deals. It was triple the $3.5 billion that was given out in 2020.</p>