Tagged: tracxn

Fintech Funding In India Dips in 2023 Amid Global Challenges

The Fintech sector in India experienced a significant decrease in funding in 2023, securing only $2 billion, a sharp decline of 63% and 76% from 2022 and 2021, respectively, according to a report by Tracxn. In comparison, the sector raised $5.4 billion in 2022 and… Read More

UK Fintech Funding Cratered for 2nd Year in a Row: Report

The UK is a top Fintech hub recognized globally for its innovation in financial services. The country has always punched above its weight class when it comes to Fintech and in the past led the charge for Fintech funding in all of Europe. A new… Read More

Canada Startup Ecosystem Encounters Setback, with 45% Decrease in YTD Funding – Research Report

Tracxn, a global SaaS-based market intelligence platform, has released its Geo Annual Report: Canada Tech 2023. The report, based on Tracxn’s extensive database, “provides insights into the Canada Tech space.” In 2023 Year-to-Date (YTD), Canada stands “as the seventh highest-funded country globally for startup funding,… Read More

Canada Tech Startup Ecosystem Continues to Attract Substantial Funding, Despite Recent Decline – Report

Tracxn, a global SaaS-based market intelligence platform, has released its Geo Quarterly Report: Canada Tech – Q3 2023. The report, based on Tracxn’s extensive database, “provides insights into the Canada Tech space.” The Canada Tech startup ecosystem “received its highest-ever funding of $5.12 billion in… Read More

Funding into Fintech US Startups Declines Over 50% in Q3 2023 – Report

Tracxn, a global SaaS-based market intelligence platform, has released its Geo Quarterly Report: FinTech US – Q3 2023. The report, based on Tracxn’s extensive database, provides insights into the US FinTech space. The US Fintech sector continues to be the highest-funded Fintech startup ecosystem “on… Read More

UK’s Fintech Startups See Weakest Quarter in Six Years, Funding Declines Significantly – Report

Tracxn, a global SaaS-based market intelligence platform, has released its Geo Quarterly Report: FinTech UK – Q3 2023. The report, based on Tracxn’s extensive database, provides insights into the UK FinTech space. The UK Fintech startup ecosystem “ranks third in terms of overall funding, after… Read More

Funding in Southeast Asia’s Tech Ecosystem Plunges to Five-year Low in Q3

Startups in Southeast Asia continue to struggle with funding as ecosystem funding falls to a five-year low for the third quarter of this year, according to a report released by SaaS-based market intelligence platform Tracxn. The report said the tech startup ecosystem in Southeast Asia… Read More

Fintech Funding in US Increased in First Half of 2023: Report

US Fintech funding increased by 42% during the first half of 2023 when compared to the last half of 2022, according to a report. Fintech funding hit $12.8 billion from January to February 2023 but still down by 33% when compared to the same period… Read More

US Startup Funding Drops by 44% in Q1 Compared to Same Quarter 2022: Report

US tech startup funding sank during Q1 2023 in contrast to the first quarter of 2022. According to a report, tech startup funding delivered the lowest amount of money in the past three years in Q4 2022. According to the report by Tracxn, Q4 2021… Read More

UK Fintechs Raise 89% LESS in Q1 Compared to Same Quarter in 2022

Yesterday, it was reported that the US market experienced a 25% quarterly decline in Fintech funding during Q1 2023 in comparison to Q1 2022. Today a similar report provided by Tracxn, indicates that the UK saw a whopping 89% decline during Q1 2023 in Fintech… Read More

US Fintech Startups Accounted for Over 65% of Funds Raised in the Sector Globally: Report

Tracxn, a global SaaS-based market intelligence platform, has released its Geo Quarterly FinTech US Report – 2023. The report, based on Tracxn’s extensive database, “provides insights into the US FinTech space.” The US is “home to more than 30,000 FinTech startups, making it the largest… Read More

Fintech UK Report: Funding Sinks in 2022

A new report indicates that Fintech funding declined in 2022 as the sector was impacted by a challenging market. According to Tracxn, private Fintech firms in the UK raised a total of $11.2 billion in 2022, a drop of 13% from the year prior. In… Read More

India Brief: LoanZen Nabs Seed Funding from Angel Network Tracxn Syndicate

LoanZen Pvt Ltd, which runs P2P lending marketplace LoanZen, has raised an undisclosed amount in seed funding from angel investors through Tracxn Syndicate, an angel network launched by Tracxn, reported VC Circle’s Nishant Sharma. Offering services in Bangalore, LoanZen provides SMEs with unsecured working capital loans against their pending invoices to MNC/listed… Read More

Fintech Innovation and Alternative Lending Companies on the Rise in India; LoanCircle, Instapaisa & Instakash Lead the Way

In late August, India’s banking industry came together for the FICCI’s FIBAC 2015 Conference, discussing regulation in the country’s burgeoning online finance space,  particularly within crowdfunding and peer to peer lending.  SS Mundra, Deputy Governor of the Reserve Bank of India, called for more regulations in the Economic… Read More