While there has been a funding winter in fintech's and tech startups over the past year, funding has seen an uprise in early-stage deal funding and decline in late-stage deals funding. FinTech funding has seen a rise in the last 4-5 months, however, there was a slight downfall in the amount raised and funding rounds in the month of July.
FinTech funding has witnessed a slight decline in the month of July, recording about USD 164 million from 10 deals, compared to USD 190 million from 16 deals in the previous month. The highest raised in the month was by Auxilo, with a USD 56 million fundraise from Tata Capital Growth Fund, Trifecta Capital Advisors and Xponentia Capital Partners. The list was followed by RenewBuy which raised about USD 40 million from Dai-ichi Life Holdings, Inc., revealed latest data by 1Lattice (Prev PGA Labs).
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