Overview
FinTech startups have outshined this year, and are leading in achieving the unicorn status. In October, Coinswitch Kuber and Acko joined the unicorn club. ET BFSI provides a list, by PGA Labs, of all the noteworthy deals last month in the FinTech space.
The FinTech ecosystem in the month of October saw investments across businesses, with investors showing a renewed interest in companies operating in Crypto, InsurTech, and WealthTech segments.
On a month-on-month basis, October was a stronger month for FinTechs compared with September in terms of funding, with the formation of two new unicorns, four fintechs rasing more than $250 million and six raising more than $100 million.