Indian Fintech brings “technologically enabled financial innovation that could result in new business models, applications, processes or products with an associated material effect on financial markets and institutions and the provision of newer financial services. With more than 2,000 fintech companies in India investments in fintech start-ups have risen dramatically in recent years. We have witnessed the quantum of investment, attracting a record $24.2bn of investment this year already. Ease of capital helped fintechs to drive innovation as well as their business model. India has historically been a cash-based society, consumers are increasingly adopting digital wallets, creating an opening for the company. The Boston Consulting Group in its recent report stated that there will be a $ 100 billion value creation opportunity and that India is strongly poised to realise a fintech sector valuation of $150-160 billion by 2025.


The Key Drivers for fintech start-ups in India includes:

# Availability of capital and vibrant investment ecosystem.
# Favourable demographic in India ( more than 65% below the age of 35 years) having appetite for innovative technology
# Low penetration of financial services for a majority of population (unbanked, rural regions, as well as small and medium-sized enterprises( SMEs)

# Government initiatives and regulatory forbearance to fintech
# Increased mobile and internet access
# Large percent of the population are millennials and they want a new kind of banking product

# Reduced infrastructure and transaction cost through usage of cloud-based services and IndiaStack and finally advancement in technology.

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