Indian Fintech Ecosystem by The Digital Fifth
Essentially three eras:
Before 2010: Digital marketplaces generating leads for loans and insurance
2010 – 2014: Payments ecosystem growing across B2B and B2C
2015 till date: Wallets going from expansion to closure, Usage of Indiastack (Aadhaar / eKYC / UPI / eSign etc) simplifying tech, Lending Fintechs prospering, Insurtech leaders evolving, PFM business moving towards cross-selling, Fintech Enablers thriving.