Start-up founders are in a Catch 22 situation—in the absence of credit history and adequate collateral, they are unable to get the first line of credit and yet require timely financing to keep up with the high operational costs
IFSCA Chief Technology Officer Joseph Joshy said Indian Fintechs have started applying for the IFSCA Fintech Incentive Scheme, 2022, which has six types of grants
As per the report, the funding rounds fell by 8 per cent, and acquisitions dropped by 18 per cent in August compared to July. Bangalore led the funding round, followed by Mumbai and Delhi