China and India are Moving in Different Directions When it Comes to Fintech Funding

Last year the amount of global investment in Chinese fintech companies reduced dramatically to $4.9 billion, down from $34 billion in 2018 according to data from business intelligence firm Tracxn; in India fintech funding rose to $4.5 billion in 2019, up from $2.3 billion in 2018; there are now 7 fintech unicorns in India compared to 22 in China; the decline in Chinese investment is due to a number of factors including the US-China trade war, the breakdown of the lending industry and a slowing global economy; Naveen Surya, Founder of India’s Fintech Convergence Council, a body representing the Fintechs in the country, said, “India is at a stage where China was a decade back both in terms of growth and investments. As and when the market starts saturating or maturing, the private investor sentiment also declines as the returns in matured companies would be much lower.” IBS Intelligence 

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.