Key Indian WealthTech investment stats in Q1 2025:
- Indian WealthTech jumped 6x QoQ in Q1
- Deals over $100m returned in Q1 as investors’ interest recovers
- Zolve, a neobank focused on providing seamless financial access to high-skilled global citizens relocating to the US, secured one of the biggest Indian WealthTech deals of the quarter with a $51m Series B funding round
Indian WealthTech jumped 6x QoQ in Q1
In the first quarter of 2025, the Indian WealthTech sector recorded 11 deals, representing a 77% decline from the 47 deals seen in Q1 2024 but more than double the 5 deals closed in Q4 2024.
Total funding in Q1 2025 reached $305m, down 63% from the $830m raised in Q1 2024 and 6x jump from the $48m recorded in Q4 2024.
The average deal size in Q1 2025 stood at $28m, compared to $9m in Q1 2024 and $10m in Q4 2024, indicating a shift toward larger deal sizes despite subdued overall activity.
Deals over $100m returned in Q1 as investors’ interest recovers
Funding from deals under $100m reached $165m in Q1 2025, up 244% from the $48m raised in Q4 2024 but down 47% from the $310m recorded in Q1 2024.
Meanwhile, high-value transactions worth $100m or more brought in $140m during the quarter, showing a sharp recovery from zero such deals in Q4 2024, though still reflecting a 73% decline from the $520m raised in Q1 2024.
This uneven recovery suggests that while investor confidence is gradually returning, caution persists in backing larger WealthTech plays amidst continued economic and regulatory uncertainties.
Zolve, a neobank focused on providing seamless financial access to high-skilled global citizens relocating to the US, secured one of the biggest Indian WealthTech deals of the quarter with a $51m Series B funding round
The round was led by Creaegis, alongside participation from HSBC, SBI, GMO, DG Daiwa, and existing investors such as Accel and Lightspeed Venture Partners.
Positioned at the intersection of cross-border finance and wealth management, Zolve leverages users’ home-country credit data to offer credit cards and checking accounts from day one in the US, bypassing traditional barriers like the absence of local credit history.
With 750,000 customers and over$1.2bn in transactions processed to date, the startup is expanding its WealthTech capabilities by introducing tailored loan products—starting with auto loans—and enabling equitable asset acquisition for expats.
This equity injection will power Zolve’s ambitions to extend its wealth-building platform into Canada this year, followed by entry into the UK and Australia, as it scales its connected global financial infrastructure for internationally mobile professionals.
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