India led Asia-Pacific fintech investment, on the strength of one Bengaluru round
India drew USD 2 billion of fintech investment in the first half, the largest share in Asia-Pacific. Cred's round alone is 45 percent of that, and deal count was flat.
India attracted USD 2.0 billion of fintech investment across 101 deals in the first half of 2026, up from USD 1.8 billion across 102 deals in the second half of 2025, according to PitchBook data published in KPMG's Pulse of Fintech report. That was the largest share in Asia-Pacific, where total investment fell from USD 7.1 billion to USD 4.6 billion. India took about 43 percent of regional value on 29 percent of the deals.
India's figure rests on very few transactions. Cred's USD 900 million Series H, the largest fintech deal in Asia-Pacific in the half, is 45 percent of the India total on its own. Add KreditBee at USD 280 million, Juspay at USD 110 million and IDfy at USD 73 million, and four deals account for about 68 percent of it. Deal count was effectively unchanged. Excluding Cred, investment into Indian fintech fell from about USD 1.8 billion to about USD 1.1 billion, which places the year's story in one round rather than a broad recovery.
The regional table puts South Korea second at USD 899 million across 31 deals, then Singapore at USD 499 million, Australia at USD 456 million and Japan at USD 204.5 million. China drew just USD 149 million across 33 deals.
Globally, investment rose from USD 72.2 billion to USD 103.1 billion, the strongest half in four years, while deal volume fell from 2,500 to 2,100. The Americas took USD 86.9 billion, with USD 80.8 billion in the United States. Of ten deals above USD 1 billion, eight were American. Payments attracted USD 44.2 billion, digital assets USD 11.1 billion and AI-focused fintechs USD 21.4 billion.
Sanjay Doshi, who heads financial services advisory at KPMG in India, attributed India's showing to investors backing companies with proven models and clearer paths to profitability.
The figures combine venture capital, private equity and mergers and acquisitions, so they are not startup funding alone. They exclude friends-and-family, incubator and accelerator rounds, count only completed transactions, and are drawn as at 30 June 2026, a date on which PitchBook continues to revise as deals surface.
