Overview
Indian fintech funding cooled to USD 77.1M across 12 deals in February 2026, a sharp pullback from January and December. 1Lattice's data, featured in ET BFSI, tracks the month's biggest raises led by Stable Money, XFlow, and Innoviti
India's fintech ecosystem saw a clear moderation in February 2026, raising USD77.1M across 12 deals, down from USD187.4M in January and USD214.6M in December 2025. Stable Money led the month with a USD25M Series B round, followed by cross-border payments provider XFlow (USD16.6M) and retail payment software firm Innoviti (USD11.4M). Early-stage activity remained active across wealth-tech, B2B payments, and lending, with names like Care.fi, FREED, and ToneTag also raising notable rounds. These insights, tracked and compiled by 1Lattice, were featured in ET BFSI, reflecting 1Lattice's ongoing role in decoding funding trends and capital flow patterns across India's fintech landscape.