Bengaluru/Mumbai: India’s fintech sector saw investments worth $2 billion in the first half of 2021, almost matching the total investments garnered in 2020, according to KPMG. Digital banking attracted most of the investments, KPMG said in a report on the global fintech sector. Fintech investments totalled $1.64 billion in the first half of 2020, and nearly $2.25 billion for the whole of last year. Insurance platform Turtlemint raised capital from GCV Capital and Jungle Ventures; digital insurance platform Renewbuy raised capital from Apis Partners, and Digit Insurance raised capital from A91 Partners, TVS Capital and Faering Capital earlier this year. “On the M&A front, fintechs could be targeted by banks, larger fintechs or even a fintech services conglomerate.

Source: Mint August 11, 2021 17:03 UTC