India, April 29 -- Funding in India's financial technology (fintech) sector remained largely flat at USD 513 million in the first quarter of 2026, but the number of deals plummeted by 54 per cent year-on-year, signalling a structural shift towards fewer, larger investments, market intelligence firm Tracxn said on Tuesday.

According to the 'Geo Quarterly Report - India FinTech Q1 2026' by Tracxn, the sector witnessed just 45 funding rounds in the January-March period, a sharp decline from 99 rounds in the corresponding quarter of 2025.

Total funding saw a marginal 2 per cent increase from $503 million in Q1 2025, though it declined 9 per cent sequentially from USD 562 million in Q4 2025.

"The flat headline masks a structural shift: the ...