Key Indian FinTech investment stats in Q4 2025:
- Indian FinTech funding jumped by 3.8x QoQ in Q4 2025
- Average deal value increased by 2.3x to $34.3m which drove the uptick in in funding for the country
- Raise Financial Services, an FinTech company building a technology-led ecosystem of investment, trading and financial content platforms through its flagship stock trading platform Dhan, completed one of the biggest Indian FinTech deals of the quarter after raising $120m in a Series B round
Indian FinTech funding jumped by 3.8x QoQ
In Q4 2025, the Indian FinTech market experienced a huge increase in both deal activity and funding compared to the same quarter in the previous year.
A total of 63 deals were recorded in Q4 2025, representing a 2.9x increase from the 22 deals completed in Q4 2024.
Funding saw an even more substantial rise, with FinTech firms raising $2.2bn in Q4 2025, a sharp 6.5x increase from the $333.3m raised in Q4 2024.
This surge highlights a strong rebound in investor confidence and capital deployment across the Indian FinTech ecosystem.
When comparing Q3 2025 to Q4 2025, there was also strong sequential growth in deal activity, with transactions increasing from 48 deals to 63 deals, marking a 31% QoQ increase.
Funding increased even more sharply, rising 3.8x from $573m in Q3 2025 to $2.2bn in Q4 2025, demonstrating a clear shift towards larger capital deployments late in the year.
Average deal value increased by 2.3x to $34.3m which drove the uptick in funding for the country
The average deal value in Q4 2025 was $34.3m, representing a 2.9x increase from the $11.9m average recorded in Q3 2025 and a 2.3x increase compared to the $15.2m average seen in Q4 2024.
This shift towards larger deal sizes indicates renewed investor appetite for scaled, later-stage opportunities.
Notably, Q4 2025 represents the highest level of funding and deal activity across the period, with both total capital deployed and transaction volume surpassing all previous quarters.
This peak performance underscores a strong year-end acceleration in investment momentum across the Indian FinTech sector.
Raise Financial Services, an FinTech company building a technology-led ecosystem of investment, trading and financial content platforms through its flagship stock trading platform Dhan, completed one of the biggest Indian FinTech deals of the quarter after raising $120m in a Series B round
The round was led by Hornbill Capital with participation from MUFG and BEENEXT, valuing the Mumbai-headquartered company at $1.2bn and marking its entry into the unicorn segment.
Founded in 2021, Raise is expanding beyond brokerage into a broader financial services stack including market intelligence platform ScanX, investor education platform Upsurge, financial media platform Filter Coffee and its proprietary AI model Fuzz, while Dhan itself has scaled rapidly to nearly 1 million active users through advanced trading tools, analytics and API-driven infrastructure serving both active traders and long-term investors.
The new capital will be deployed to scale the Dhan platform, accelerate AI and technology development and launch new investing and distribution products, positioning Raise to capture growing retail participation in Indian capital markets as it competes with major domestic trading platforms and builds a diversified, AI-enabled digital investment ecosystem.
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