Funding in FinTech startups is gaining pace, with Pine Labs, which plans to go public in the US next year, raising $100 million from US-based Invesco Developing Markets Fund. The new funding comes just months after it raised $600 million in two tranches from a host of global and domestic investors, which valued the firm at $3.5 billion.

CredAvenue, a debt solutions platform, raised $90 million, which was termed as India's biggest Series A funding round. After this funding, the platform is now valued at $410 million.

However, September was a relatively tepid month for FinTech funding, as compared to the turnout in August. In August, BharatPe raised the most at $ 370 million in its Series E equity round. Post this funding, the unicorn is now valued at of $ 2.85 billion. The lowest funding in August was that of StockGro, at $5 million, in its pre-Series A funding round, while in September, Fudr raised the lowest, at $140,000.