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- However, this was a 57% decline on a year-on-year basis compared to Q1 of 2023’s USD 1.3 billion.
- Despite this, India ranked 3rd globally in fintech funding, trailing behind the US and China.
- The sectors that performed the best were Alternative lending, RegTech, and Banking Tech.
- In terms of geographical distribution, Bengaluru led in fintech funding, followed by Mumbai and Hyderabad.
- The report is released by Tracxn, a leading SaaS-based market intelligence platform that provides insights into various sectors, including fintech.
Question:
Q.1 What was India’s global rank in fintech funding in Q1CY2024 According to the Tracxn Geo Quarterly Report?a. 1st
b. 2nd
c. 3rd
d. 4th