NewsStocksIndian Fintech Funding Holds Steady at $2.82 Billion in 2025 as Investors Pivot to Wealthtech and Secured LendingIndian Fintech Funding Holds Steady at $2.82 Billion in 2025 as Investors Pivot to Wealthtech and Secured Lending
Indian fintech funding remained stable at $2.82 billion across 134 deals in 2025 till December first week, compared to $2.51 billion across 163 deals in 2024. Wealthtech emerged as the standout performer with funding surging to $547 million from $153 million, while lending funding declined to $752 million from $1.53 billion as investors shifted toward secured models. Payments attracted $1.06 billion, largely driven by PhonePe's $600 million round, while emerging themes include AI-led financial advice and credit improvement platforms.
*this image is generated using AI for illustrative purposes only.
Indian fintech funding demonstrated resilience in 2025, maintaining steady levels despite global volatility and regulatory challenges that made investors increasingly selective in their capital deployment strategies.
Overall Funding Performance
Indian fintech secured $2.82 billion across 134 deals in 2025 till the first week of December, showing marginal growth from $2.51 billion across 163 deals in 2024, according to Venture Intelligence data. While capital availability remained consistent, investors concentrated their investments around proven business models, leaving several segments with reduced funding access.
| Metric | 2025 YTD | 2024 | Change |
|---|---|---|---|
| Total Funding | $2.82 billion | $2.51 billion | +12.35% |
| Number of Deals | 134 | 163 | -17.79% |
Wealthtech Emerges as Clear Winner
Wealthtech recorded the most dramatic growth trajectory, with funding jumping to $547 million in 2025 from $153 million in 2024. This surge reflected sustained systematic investment plan inflows, rising demat account additions, and expanding mutual fund assets under management that translated into visible revenues for wealth platforms.
| Wealthtech Metrics | 2025 YTD | 2024 | Growth |
|---|---|---|---|
| Funding Amount | $547 million | $153 million | +257.52% |
Platforms such as Neo Wealth, Dezerv, and Sahi raised growth-stage funding during this period. Groww, one of India's largest wealth platforms, went public and raised ₹6,600.00 crore, marking a significant milestone for the sector.
Lending Sector Undergoes Strategic Pivot
Lending remained the largest fintech segment by capital deployed but experienced a notable decline and strategic shift. Overall lending funding fell to $752 million across 53 deals in 2025, down from $1.53 billion across 69 deals in 2024.
| Lending Segment | 2025 YTD | 2024 | Change |
|---|---|---|---|
| Funding Amount | $752 million | $1.53 billion | -50.85% |
| Number of Deals | 53 | 69 | -23.19% |
Regulatory tightening in unsecured credit and deteriorating collection trends pushed investors toward secured models. Housing and MSME lending emerged as preferred themes, with companies like Credit Wise Capital, Saarthi Finance, LoanTap, and CredRight raising MSME-focused capital. Ummeed Housing Finance and Weaver Services attracted interest in housing finance.
Unsecured lenders adapted by exploring public markets, with players such as KreditBee, Credila, Aye Finance, Fibe, and MoneyView filing for IPOs. Some unsecured lenders diversified their offerings, with Kissht entering loan-against-property and Fibe expanding into impact lending.
Payments Sector Shows Mixed Results
Payments attracted the largest single share of funding at $1.06 billion across 22 deals, though this figure was significantly influenced by PhonePe's $600 million funding round led by General Atlantic. Beyond established platforms, pure-play payments infrastructure companies faced challenges attracting capital as investors prioritized profitability.
| Payments Funding | Details |
|---|---|
| Total Funding | $1.06 billion |
| Number of Deals | 22 |
| Major Round | PhonePe - $600 million |
| Lead Investor | General Atlantic |
Companies combining UPI with lending products, particularly credit cards, generated strong investor interest. Banking technology modernization created demand for core banking software, cybersecurity, payments infrastructure, and compliance tools. Zeta raised $50 million in a Series D round, focusing on technologies with measurable impact on bank economics.
Emerging Investment Themes
Investors are tracking newer models adjacent to core lending and wealth management, particularly in personal finance and credit advisory. AI-led financial advice represents an emerging investment theme, with focus on building deeply personalized financial advisory platforms.
Credit score improvement and financial wellness applications are gaining attention as stress in unsecured lending drives borrowers toward more active credit management. Industry experts expect consolidation to accelerate as capital availability tightens, potentially reshaping the fintech landscape over the next two to three years.
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