Fintech

FinTech soonicorns raise the most in May-mid Sep. Here’s the list – ET BFSI

FinTechs remain in the spotlight, with 12 soonicorns (soon to be unicorns) raising the highest in funding rounds between May 1 and Sep 12.

Out of the total 36 soonicorns in India, 12 are FinTechs, said the third edition of the list by PGA Labs.

Navi, an app for personal loans, raised the highest at $402 million, and LendingKart, a lending platform for business loans, came in second with $231 million

Here’s the list of the 12 FinTech soonicorns, according to the list prepared by PGA Labs for ETBFSI.

CompanyFunding (in US$million)Company stageAcko209Series DBankBazaar117Series DCapital Float154Series CKhata Book87Series BKrazybee94.8Series CLendingKart231Series DMswipe105Series ENavi402Series COpen36.3Series ERupeek76.6Series CVivriti Capital 107Series BZipcash0.192Funding raised

India now has 65 unicorns, of which 12 are FinTechs, two are NBFCs, and one is a crypto exchange (CoinDCX), according to data by Venture Intelligence. Unicorn is a startup with a valuation of $1 billion and above.

Digit Insurance, CRED, BharatPe entered the unicorn club this year.

Click here to read our extensive coverage on FinTechs

Follow and connect with us on Twitter, Facebook, Linkedin

BankBazaar

Source: https://bfsi.economictimes.indiatimes.com/news/fintech/fintech-soonicorns-raise-the-most-in-may-mid-sep-heres-the-list/86491464

Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button