“India is strongly poised to grasp a FinTech sector valuation of $150-160 billion by 2025, translating to an incremental value-creation potential of roughly $100 billion. It’s estimated that to satisfy this ambition, India’s FinTech sector will want investments of $20-25 billion over the subsequent 5 years,” says the report.
India’s dynamic FinTech industry has over 2,100 FinTechs of which 67 per cent have been arrange over the past 5 years alone. The full valuation of the business is estimated at $50-60 billion.
The business’s development has been undeterred by the pandemic, because it has seen the emergence of three new Unicorns and 5 new Soonicorns ($500 mn+ valuation) since January 2020.
Prateek Roongta, Managing Director and Accomplice, Boston Consulting Group India stated, “We consider India’s FinTechs are on the precipice of serious value-creation of $100 billion over the subsequent 5 years. To actualise this potential, the business would require investments to the tune of $20-25 billion until 2025. Consequently, the variety of Indian FinTech Unicorns will greater than double over the subsequent few years.”
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