June 17, 2016
India, with its own set of challenges and opportunities, stands out as a unique market for FinTech, especially payments. Keen interest from the government to reduce cash transactions is seen as a major positive factor for FinTech entrepreneurs with India being one of the largest cash-driven markets. With low but rapidly increasing levels of digital/Internet penetration coupled with the government initiatives of digital India, the country is attracting investments and interest in FinTech.
Young entrepreneurs have taken this challenge head-on and have created and expanded some flourishing and promising start-ups in India which have been mentioned below in various FinTech categories.
Note : The start-ups mentioned below are not exhaustive.
Given below are the major FinTech startups in India who have raised some robust funding over the last few years.FinTech Categories