Growth of Fintech Unicorns in India: Recent Trends

1
Neeta Tripathi
Neeta Tripathi
2
Iqra Tabassum
Iqra Tabassum

Send Message

To: Author

GJMBR Volume 22 Issue B1

Article Fingerprint

ReserarchID

707EA

Growth of Fintech Unicorns in India: Recent Trends Banner
  • English
  • Afrikaans
  • Albanian
  • Amharic
  • Arabic
  • Armenian
  • Azerbaijani
  • Basque
  • Belarusian
  • Bengali
  • Bosnian
  • Bulgarian
  • Catalan
  • Cebuano
  • Chichewa
  • Chinese (Simplified)
  • Chinese (Traditional)
  • Corsican
  • Croatian
  • Czech
  • Danish
  • Dutch
  • Esperanto
  • Estonian
  • Filipino
  • Finnish
  • French
  • Frisian
  • Galician
  • Georgian
  • German
  • Greek
  • Gujarati
  • Haitian Creole
  • Hausa
  • Hawaiian
  • Hebrew
  • Hindi
  • Hmong
  • Hungarian
  • Icelandic
  • Igbo
  • Indonesian
  • Irish
  • Italian
  • Japanese
  • Javanese
  • Kannada
  • Kazakh
  • Khmer
  • Korean
  • Kurdish (Kurmanji)
  • Kyrgyz
  • Lao
  • Latin
  • Latvian
  • Lithuanian
  • Luxembourgish
  • Macedonian
  • Malagasy
  • Malay
  • Malayalam
  • Maltese
  • Maori
  • Marathi
  • Mongolian
  • Myanmar (Burmese)
  • Nepali
  • Norwegian
  • Pashto
  • Persian
  • Polish
  • Portuguese
  • Punjabi
  • Romanian
  • Russian
  • Samoan
  • Scots Gaelic
  • Serbian
  • Sesotho
  • Shona
  • Sindhi
  • Sinhala
  • Slovak
  • Slovenian
  • Somali
  • Spanish
  • Sundanese
  • Swahili
  • Swedish
  • Tajik
  • Tamil
  • Telugu
  • Thai
  • Turkish
  • Ukrainian
  • Urdu
  • Uzbek
  • Vietnamese
  • Welsh
  • Xhosa
  • Yiddish
  • Yoruba
  • Zulu

Fintech is a multi-billion-dollar industry and it has been growing rapidly in India in the last five years and is expected to grow further in the near future. Due to the current situation of pandemic, Fintech companies are leading the way in a world where digital transactions are at an all-time high. According to the National Investment Promotion and Facilitation Agency-“The Indian Fintech market is currently valued at $31 Bn and is expected to grow to $84 Bn by 2025, at a CAGR of 22%.The current state of the Indian FinTech industry is the result of a unique mix of technical enablers, governmental interventions, and economic prospects, as well as certain additional characteristics exclusive to India. Over 67 percent of India’s 2,100+ FinTechs were founded in the last five years. In the quarter of June 2020, 33 new FinTech investment deals worth US$647.5 million were closed in India, compared to US$284.9 million in China. Overall, the FinTech market in India is already worth US$31 billion and is expected to grow to US$84 billion by 2025. By 2023, the value of FinTech transactions is expected to increase to US$138 billion, up from US$66 billion in 2019. In this paper an attempt has been made to explain and analyse the reasons for the growth of Fintech industry, potential challenges and prospects this industry is experiencing in current time period in the Indian context.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

Neeta Tripathi. 2026. \u201cGrowth of Fintech Unicorns in India: Recent Trends\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 22 (GJMBR Volume 22 Issue B1): .

Download Citation

Alt text: Overview of recent trends in fintech industry growth and digital innovation in India, highlighted by recent research studies.
Issue Cover
GJMBR Volume 22 Issue B1
Pg. 19- 31
Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords
Classification
GJMBR-B Classification: DDC Code: FIC, LCC Code: PZ7.L5385
Version of record

v1.2

Issue date

April 9, 2022

Language

English

Experiance in AR

The methods for personal identification and authentication are no exception.

Read in 3D

The methods for personal identification and authentication are no exception.

Article Matrices
Total Views: 1677
Total Downloads: 30
2026 Trends
Research Identity (RIN)
Related Research

Published Article

Fintech is a multi-billion-dollar industry and it has been growing rapidly in India in the last five years and is expected to grow further in the near future. Due to the current situation of pandemic, Fintech companies are leading the way in a world where digital transactions are at an all-time high. According to the National Investment Promotion and Facilitation Agency-“The Indian Fintech market is currently valued at $31 Bn and is expected to grow to $84 Bn by 2025, at a CAGR of 22%.The current state of the Indian FinTech industry is the result of a unique mix of technical enablers, governmental interventions, and economic prospects, as well as certain additional characteristics exclusive to India. Over 67 percent of India’s 2,100+ FinTechs were founded in the last five years. In the quarter of June 2020, 33 new FinTech investment deals worth US$647.5 million were closed in India, compared to US$284.9 million in China. Overall, the FinTech market in India is already worth US$31 billion and is expected to grow to US$84 billion by 2025. By 2023, the value of FinTech transactions is expected to increase to US$138 billion, up from US$66 billion in 2019. In this paper an attempt has been made to explain and analyse the reasons for the growth of Fintech industry, potential challenges and prospects this industry is experiencing in current time period in the Indian context.

Our website is actively being updated, and changes may occur frequently. Please clear your browser cache if needed. For feedback or error reporting, please email [email protected]
×

This Page is Under Development

We are currently updating this article page for a better experience.

Request Access

Please fill out the form below to request access to this research paper. Your request will be reviewed by the editorial or author team.
X

Quote and Order Details

Contact Person

Invoice Address

Notes or Comments

This is the heading

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

High-quality academic research articles on global topics and journals.

Growth of Fintech Unicorns in India: Recent Trends

Neeta Tripathi
Neeta Tripathi
Iqra Tabassum
Iqra Tabassum

Research Journals