Ravi Rathi

July 2021 was yet another bumper month for FinTech funding—FinTechs raised $12.98 billion in funds and closed 278 deals, the highest over the past three years. FinTech funding crossed the $10 billion mark for the third time since January 2021. FinTechs raised $12.98 billion, registering a 1.5% MoM growth. However, the number of deals dipped from 341 in June 2021 to 278 in July 2021, registering an 18.4% MoM decline.

The novel coronavirus outbreak, which was first identified in Wuhan, China, has impacted businesses and people worldwide. The world has been trying to cope through the health and supply chain network crisis that the pandemic has brought upon businesses of all sizes. In the FinTech space, there has been reduced traction in terms of funding, but has it been that significant? To find out, we analy ... To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.

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