Indian Fintech: A Growth Story

Indian Fintech

A Growth Story

Indian Fintech has seen an incredible growth story. After 2010, the market became more defined with segments like Neobanking, P2P Lending and more coming up and seeing innovative use cases: Till 2012:

Initial stage of development of digital marketplaces
Wallets started emerging

2013 – 2016:

Indian Payment ecosystem grew immensely: Pre-paid cards, POS platforms, Payment Gateway platforms, Wallets witnessed high growth
Lending kicked off

2017 – 2018:

Introduction of IndiaStack
While wallets collapsed due to UPI, Lending Fintechs and Insurtechs prospered

2019 – Today:

Open Banking explodes
Digital Lending grows
Regulator’s oversight rapidly changing the landscape

India is the 3rd largest Fintech ecosystem in the world*, having drawn in more than USD 30 billion since 2014*. The CAGR of Fintech market in 2025 is expected to be 24.57%*. With the government’s support and VC funding, this industry will continue to grow.Check out the ‘Indian Fintech: A Growth Story’ report for a quick perspective on
– Current funding
– Ecosystem growth over last 12 years
– Key trends
– Regulatory changes* Source: Invest India