India dethrones China to emerge as Asia's fintech funding hub in Q1

India dethrones China to emerge as Asia's fintech funding hub in Q1

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At a time when risk capital investors are increasingly evincing interest in India’s sunrise fintech sector, they are tightening their purse strings in China in the backdrop of tight regulatory oversights put in place to curb online lending practices.

Consider this: In the first quarter of 2019, the number of venture capital (VC) investments in fintech companies in China dropped to 29 from 49 in the last quarter of 2018, according to data compiled by venture intelligence firm CB Insights.

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