Funding in FinTech startups is gaining pace, with recently-turned unicorn BharatPe raising the most at $370 million last month for its payments business, data provided by PGA labs showed.
According to KPMG's FinTech report, the sector received $2 billion in investment in the first half of 2021.
These startups have outshined this year, and are leading in achieving the unicorn status so far this year. Of the 51 startups that achieved a valuation of $1 billion, 18 were FinTechs, according to a Hurun Research Institute report.
Here are the top 10 FinTechs that had the most deals and fundings last month
BharatPe: $370 million
BharatPe has raised $ 370 million in Series E equity round, at a post-money valuation of $ 2.85 billion on August 4, 2021. All employees holding vested employee stock ownership plans have been given full liquidity.
The payments company is now among the top five most valued FinTech startups in India, and has one of the strongest cap tables.