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Fintech representation in YC’s Demo Days is definitely shrinking
This week, we’re looking at just how many fintech companies made it into YC's Winter 2024 cohort, how much funding slid in Q1, and more.
But even more troubling than the double-digit dip was the fact that the $7.3 billion raised globally by fintech startups in the three-month period marked the lowest level the sector has seen since early 2017. On the plus side, there was a 15% uptick in equity deal-making last quarter, which “means investors continue to show interest in fintech solutions — particularly payments tech,” according to a CB Insights spokesperson. Manish Singh reports that Flipkart co-founder Sachin Bansal is in talks to raise capital for his new startup, Indian fintech Navi.
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