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Highlights Of The Report
The report showcases the milestones achieved by fintech startups in India so far, and underlines how a proactive approach by the government and build standards to pave way for Indian startups to scale globally.
$6.97 Bn
Raised across 453 deals by Indian fintech startups (2014-2018)
$2.36 Bn
Total estimated funding in fintech startups for 2019
2,707
Fintech Startups in India
3%
Rural population has used the internet regularly as of 2017
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About The Report
Scope of the Report – 01
Executive Summary – 02
Fintech in India: An Overview- 03
Fintech Funding Statistics: A Brief Look – 08
Top Fintech Investors in India – 17
Sector Landscape – 20
Top Fintech Hubs in India – 39
The Changemakers – 54
Government Policies Supporting the Fintech Ecosystem in India – 63
Future Fintech – 95
The Roadblocks – 104
Projections for 2019 – 104
Methodology – 109
Bibliography – 111
Glossary – 112
India’s fintech ecosystem got a head start with the surprise move by the government to ban INR 500 and INR 1,000 currency notes in 2016. But the boost to digital payments and the promising fintech industry — somehow lost momentum as the consumer recovered from the shock in the later years reveals an analysis of data compiled by Inc42 DataLabs.
Fintech Report 2019 showcases the milestones achieved by fintech startups in India so far, and underlines how a proactive approach by the government and build standards to pave way for Indian startups to scale globally.
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Fintech Startups Operating In India
According to DataLabs by Inc42 estimates, Karnataka (87), Maharashtra (87) and Delhi NCR (66) have the highest concentration of funded fintech startups in India. The concentration of fintech startups seems to be skewed towards the Indian metros.
One of the possible reasons for this could be that a large amount of capital and a highly skilled workforce required by the fintech industry are easily available in tier 1 cities such as Bengaluru, Mumbai and Delhi NCR, compared to tier 2 locations.
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