Springboard 2026 | Fintech after the freeze: Where investors are placing their 2026 bets
Subscribe to enjoy similar stories. Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected]. As 2025—a year marked by global volatility and regulatory tightening—came to an end, fintech investors in India turned far more selective.
Capital didn’t disappear, but clustered around a few proven models, leaving large parts of the sector starved of funding. Continued regulatory tightening in unsecured credit, coupled with deteriorating collection trends at some consumer lenders, pushed investors toward secured models such as affordable housing and micro, small and medium enterprise (MSME) financing. At the same time, sustained systematic investment plan (SIP) inflows, rising demat account additions and expanding mutual fund assets under management translated into visible revenues for wealth platforms, drawing investor interest.
Overall funding into Indian fintech stood at $2.82 billion across 134 deals in 2025 till the first week of December, broadly steady compared with $2.51 billion across 163 deals in 2024, according to Venture Intelligence. Wealthtech emerged as the clear winner, with funding jumping to $547 million in 2025 year-to-date, from $153 million in 2024. “The first wave of financialization was about access.
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