India has over 3,000 registered fintech startups

  • The Department for Promotion of Industry and Internal Trade (DPIIT) in India has 3,085 startups registered in the fintech industry. As of April 30, 2023, India had 98,119 companies operating in 56 different diversified areas as part of the DPIIT’s Startup India initiative.
  • Fintech startup funding plummeted by a staggering 67% to $1.4 billion in the first half of 2023 from $4.3 billion raised in the first half of 2022.
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