Analysis

November 1, 2021

Stripe acquisition leads European fintech's gold rush into India

India could be a lucrative market for European fintechs but its homegrown talent won’t go down without a fight.


Tom Matsuda

7 min read

Revolut India CEO Paroma Chatterjee.

Stripe announced its first acquisition of an Indian fintech last week, buying payments tracking and automation startup Recko. Australian buy now, pay later service Zip also recently announced a $50m investment into a local player in India. 

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Gurjodphpal Singh worked at the Amsterdam-based PayU for seven years before joining Tide in January this year
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Indian SME neobank Open has just tapped a $500m valuation courtesy of Google
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Tide UK CEO Oliver Prill
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Tom Matsuda

Tom Matsuda is a fintech reporter at Sifted and writes our weekly fintech newsletter. Find him on X and LinkedIn

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