India Ranks Third in Global Fintech Funding

India's fintech sector, while experiencing a 33% decline in funding to USD 1.9 billion in 2024, remains the third-largest globally, trailing only the US and UK. Despite challenges, the sector showed resilience with two new unicorns emerging and a late-year funding recovery, particularly in August. Meanwhile, the Swiss Fintech Awards 2025 have opened applications for innovative startups in fintech, insurtech, and blockchain, providing opportunities for exposure and mentorship. In Canada, the fintech landscape is also thriving, with startups addressing critical market needs and securing significant funding to drive innovation. Additionally, the Asia-Pacific region is poised for growth in fintech, driven by AI advancements and digital banking adoption, although regulatory hurdles persist. As these markets evolve, they are collectively shaping the future of global financial services.