It seems that India is starting to outpace it’s closest rival, China, when it comes to fintech investments – in both deal value and volume, according to data collection company GlobalData. These results for Q1 of 2020 show a promising start for the Indian VC scene, with over USD 330 Million pouring into the sector in Q1 alone. What’s the shift? Analysts predict that this might be caused by a shifting Chinese strategy that focuses more on scaling up already successful fintechs whereas the Indian market is still focusing on startups as well.
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