Fintech emerges as the fastest growing tech sector: Deloitte
3 years, 9 months ago

Fintech emerges as the fastest growing tech sector: Deloitte

Live Mint  

Bengaluru-based gold loan startup, Rupeek, and digital credit solution, Zestmoney, emerged as the fastest growing technology companies in India, based on their percentage revenue growth over the past three financial years, according to a report from Deloitte Touche Tohmatsu India LLP. While announcing the 50 fastest growing technology companies, as a part of its ‘Technology Fast 50’ India 2020 report, Deloitte India said that fintech emerged as the key sector in this year’s rankings with four of the top six fastest growing companies being from this domain. According to Deloitte India, this year has Further, amongst the top 50 companies, Bengaluru continued to be a key hub for the startup ecosystem, while being the most-represented city in Deloitte India’s rankings. Despite the pandemic-affecting venture capital funding in the first half of last year, the fintech sector still managed to attract closer to $2.7 billion in equity funding, according to a recent report from management consultancy KPMG.

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History of this topic

Zaggle receives Transformation Tech Award at Deloitte Technology Fast 50 India 2024
1 week, 5 days ago

Zaggle receives Transformation Tech Award at Deloitte Technology Fast 50 India 2024

Deccan Chronicle  

Hyderabad – Zaggle, a leading B2B SaaS FinTech firm, has been honoured with the Transformation Tech Award at Deloitte Technology Fast 50 India 2024, which awards the 50 fastest growing technology companies in India. Zaggle’s Founder & Executive Chairman, Dr. Raj Narayanam, credits the team’s focus on delivering cutting-edge financial technology solutions and building trusted customer relationships for this remarkable …

These 4 AI stocks could see incredible growth in 2025
3 months, 3 weeks ago

These 4 AI stocks could see incredible growth in 2025

Live Mint  

Artificial intelligence is a cutting-edge technology that is rapidly transforming industries, revolutionizing businesses by automating tasks, personalizing customer experiences and optimizing operations. With its vast talent pool, growing digital infrastructure, and government initiatives like Digital India, India presents significant opportunities for companies looking to leverage AI technologies. #2 Oracle Financial Services Software Oracle Financial Services Software Ltd provides financial software, …

Indian Tech Startups Raise $4.1 Billion In First Half Of 2024, Secure 4th Place Globally: Study
6 months ago

Indian Tech Startups Raise $4.1 Billion In First Half Of 2024, Secure 4th Place Globally: Study

ABP News  

Indian tech start-ups secured $4.1 billion in funding in the first half of 2024, a 4 per cent increase from $3.96 billion in the second half of 2023. According to Tracxn, a market intelligence platform, India ranks as the fourth-highest funded country globally in the tech startup landscape, with the US, UK, and China leading in overall funding volumes. Seed-stage …

Fintech Start-Ups See Fewer Incorporation In 2023, Survey By Growthpal Reveals
10 months ago

Fintech Start-Ups See Fewer Incorporation In 2023, Survey By Growthpal Reveals

ABP News  

Fewer fintech start-ups got incorporated in India in 2023, a survey revealed. The survey by Growthpal, a mergers and acquisitions deal sourcing platform, found that the number of fintech start-ups that got incorporated in India in 2023 stood 72.6 per cent lower than 2021 and 55.55 per cent lower than 2022. However, the subsequent introduction of new regulations and compliance …

Indian startup funding shrinks by 73% in 2023. What model companies can adopt now?
1 year ago

Indian startup funding shrinks by 73% in 2023. What model companies can adopt now?

Live Mint  

Indian startups have reported around 73% decline in funding this year as compared to 2022. In India, startup funding has declined to a five-year low figure in 2023 — $7 billion as compared to $25 billion received in the previous year, a nearly 73% decline from funding recorded in 2022 amid a worsening global macroeconomic environment tossed by geopolitical tensions. …

India ranks third among countries with most fintech unicorns in 2023; US retains the crown globally: Report
1 year, 1 month ago

India ranks third among countries with most fintech unicorns in 2023; US retains the crown globally: Report

Live Mint  

India has ranked third among the countries with the most financial technology unicorns in the world in 2023, with the US and UK retaining the top two positions globally. {{^adFree}} {{/adFree}} According to global research firm Statista, US is also home to the largest fintech companies worldwide by market capitalisation, with fintech majors Visa, Paypal, and Mastercard dominating the global …

LinkedIn Reveals India's Top 20 Startups; Zepto Stands At Top, Check Full List Here
1 year, 2 months ago

LinkedIn Reveals India's Top 20 Startups; Zepto Stands At Top, Check Full List Here

News 18  

LinkedIn, the professional network platform, on Wednesday released the 2023 LinkedIn Top 20 Indian Startups List – an annual ranking of the emerging companies where professionals want to work, globally, based on LinkedIn data. According to LinkedIn, the Top Startups list helps professionals discover emerging companies across a wide range of industries, and arms them with the information they need …

Here are top-20 startups on the rise in India in 2023, according to LinkedIn
1 year, 2 months ago

Here are top-20 startups on the rise in India in 2023, according to LinkedIn

Live Mint  

Venture funding, layoffs, and leadership churn have taken a hit in Indian startups in the past year amid economic headwinds. However, despite all the gloom, the country's space tech startup ecosystem has achieved new heights, artificial intelligence-focused companies are attracting investor interest, and electric vehicle startups are powering green rides at India Inc. According to the sixth annual LinkedIn top-startups …

Top 5 cities in India for startups
1 year, 7 months ago

Top 5 cities in India for startups

Live Mint  

India is now the hub of 'Start-up' ecosystem in the world, ranking third with 90,000 'Start-Ups' and 107 unicorn companies worth $30 billion, said Union minister Anurag Thakur in February this year. 1) Bengaluru: Bengaluru, the Silicon Valley of India, is also known as the city for startups as it has the most conducive atmosphere for trade and digitalization. 2) …

Indian FinTech startups raise $1.2 billion in first quarter of 2023: report
1 year, 8 months ago

Indian FinTech startups raise $1.2 billion in first quarter of 2023: report

The Hindu  

FinTech startups in the country attracted investments worth $1.2 billion in during the first quarter of 2023, 55% lower than $2.6 billion raised in the first quarter of 2022. The sector recorded late-stage investments of $977 million in the first three months of 2023, a spike of 325% when compared to Q4 2022 but a drop of 44% from Q1 …

There Is A Fintech Revolution Happening In India, And These Are The Factors Driving The Industry
2 years, 2 months ago

There Is A Fintech Revolution Happening In India, And These Are The Factors Driving The Industry

ABP News  

India has the highest adoption rate of any country in the world when it comes to financial technology, and this has ushered in a new age for the sector. Fintech's meteoric rise can be attributed to a confluence of factors, including technological advancements, altering social mores, and a regulatory climate that encourages innovation. The India stack and other forms of …

Indian FinTech market to reach $1 trillion by 2030, says CEA
2 years, 3 months ago

Indian FinTech market to reach $1 trillion by 2030, says CEA

The Hindu  

“India is among the fastest growing fintech markets in the world with a market size of $31 billion in 2021 that is expected to reach $1 trillion by 2030,” said V. Anantha Nageswaran, Chief Economic Advisor of India, Ministry of Finance, Government of India. “The next wave in the fintech sector could be the cash flow lending to MSMEs using …

India’s fintech ecosystem restores people’s faith in democracy: MoS IT
2 years, 5 months ago

India’s fintech ecosystem restores people’s faith in democracy: MoS IT

Live Mint  

India’s fintech ecosystem has helped the nation in rebuilding the trust between the government and citizens, transforming lives and restoring people’s faith in democracy, said Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar. The minister highlighted the expansion of startups and digital ecosystem in India on the closing day of the FinTech Festival India in New Delhi …

Fintech has helped plug corruption, leaks in financial disbursements: Minister
2 years, 5 months ago

Fintech has helped plug corruption, leaks in financial disbursements: Minister

Live Mint  

BENGALURU: India’s fintech ecosystem has helped rebuild the trust between the citizens and the government, transform lives and restore faith in democracy, said Rajeev Chandrasekhar, Union minister of state for electronics and information technology, on Friday. But today, there is no leak or scope for corruption as the beneficiaries get their amounts due straight in their Jan Dhan accounts and …

Big tech firms offering financial services pose risk to financial stability: RBI
2 years, 5 months ago

Big tech firms offering financial services pose risk to financial stability: RBI

Firstpost  

Big techs can scale up rapidly and pose risk to financial stability, which can arise from increased disintermediation of incumbent institutions, RBI stated Mumbai: Big tech companies offering financial services pose risk to financial stability as their complex intertwined operational linkages with financial institutions could lead to contagion effect and potential anti-competitive behaviour, the Reserve Bank of India has said. …

SoftBank-Backed Fintech Start-Up Open Becomes India's 100th Unicorn With Fresh Funding
2 years, 7 months ago

SoftBank-Backed Fintech Start-Up Open Becomes India's 100th Unicorn With Fresh Funding

ABP News  

New Delhi: Open, a neobanking fintech portal, became unicorn on Monday after it raised fresh capital which pushed up its value over a billion dollars. 🥳 But before that here's the #Unicorn🧵summarizing our journey so far👇 pic.twitter.com/FsfSOpK5Bp — Open Money May 2, 2022 According to news reports, in a Series D funding round, the five-year-old neobank raised $50 million from …

‘Fintech is India’s growth enabler’
3 years, 7 months ago

‘Fintech is India’s growth enabler’

Live Mint  

Financial technology, or fintech, enables a nation’s growth as it allows access to goods and services that are otherwise not available to everyone, said Munish Varma, managing partner, SoftBank Vision Fund, at Mint’s India Investment Summit 2021. If India can bring more such services into the formal banking/lending system using companies such as Paytm, the country will grow more,” he …

Fintech is a country’s growth enabler, says Softbank Vision Fund’s Munish Varma
3 years, 7 months ago

Fintech is a country’s growth enabler, says Softbank Vision Fund’s Munish Varma

Live Mint  

Financial technology, or fintech, enables a nation’s growth as it allows access to goods and services that are otherwise not available to everyone, said Munish Varma, managing partner, Softbank Vision Fund. Speaking at Mint’s India Investment Summit 2021, Varma said, “fintech allows services to those who did not have them before, at low cost and in a frictionless manner. Japan’s …

Fintech players get $2.7 billion from VC funds in 2020: Report
3 years, 9 months ago

Fintech players get $2.7 billion from VC funds in 2020: Report

Live Mint  

Despite the pandemic-induced disruptions, venture capital funds pumped $2.7 billion into domestic fintech companies in 2020, the second-highest fund infusion into the sector since 2019 when it had peaked at $3.5 billion, according to a report. The biggest investments were into Bengaluru-based payments firm Navi Technologies at $397.9 million from angel funds, Noida-based Pine Labs attracted $300 million from private …

India adds 1600 tech startups in 2020: Nasscom
3 years, 10 months ago

India adds 1600 tech startups in 2020: Nasscom

Live Mint  

India added more than 1,600 tech startups in 2020, making it the third-largest tech startup hub in the world, industry body Nasscom said in its Strategic Review 2021 titled ‘New World: The Future is Virtual’. Indian tech contributed about 8% relative share to the national gross domestic product, despite headwinds in 2020, with 52% relative share in services exports and …

Indian startups attracted $10.14 billion in funding in 2020 despite the COVID-19 pandemic
3 years, 10 months ago

Indian startups attracted $10.14 billion in funding in 2020 despite the COVID-19 pandemic

Firstpost  

Indian startups are estimated to have received $10.14 billion in funding across more than 1,200 deals in 2020 despite the COVID crisis, a report by consulting firm HexGn said. “Weathering negative sentiment, seed stage investment deals grew by 50 percent from $353 million over 420 deals in 2019 to $372 million over 672 deals in 2020. The report said Bengaluru, …

Indian Startups Received $10.14 Billion in Funding in 2020; E-Commerce, Edtech Biggest Gainers: Report
3 years, 10 months ago

Indian Startups Received $10.14 Billion in Funding in 2020; E-Commerce, Edtech Biggest Gainers: Report

News 18  

Indian startups are estimated to have received USD 10.14 billion in funding across more than 1,200 deals in 2020 despite the Covid-19 crisis, a report by consulting firm HexGn said. Even though the total investment received in 2020 is lower than that of 2019, the number of deals were higher by 20 per cent, the report said. “Weathering negative sentiment, …

Opinion | Fintech – breaking boundaries to accelerate digital transformation
4 years, 2 months ago

Opinion | Fintech – breaking boundaries to accelerate digital transformation

Live Mint  

With the word 'fintech' making it to the dictionary, it is quite evident that it seems to hold a lot of potential for the future attracting investments more than ever. This has been observed in the Fintech Adoption Index published by EY, that one in three customers worldwide are at least using two provisions offered by fintech with the average …

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