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State Of Indian Fintech Report, Q1 2022

State Of Indian Fintech Report, Q1 2022

India’s overall fintech market opportunity is estimated to be $1.3 Tn by 2025, growing at a CAGR of 31% during 2021-2025. Of this, lending tech is likely to account for 47% ($616 Bn), followed by insurance tech at 26% ($339 Bn) and digital payments at 16% ($208 Bn). Among these three, insurance tech is the fastest-growing fintech sub-segment in terms of market opportunity, growing at a CAGR of 57%, followed by investment tech (44%) and fintech SaaS (40%).

In 2021, the country’s fintech startups raised around $8 Bn ($7.97 Bn, to be precise) across 280 funding deals, a record high in both cases, while the average investment ticket size stood at $33 Mn. Among the fintech subsectors, lending tech and digital payment startups bagged the most venture capital inflow in 2021. Together, they accounted for 68% of the total funding amount and 44% of the deal count.

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State Of Indian Fintech Report, Q1 2022

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Key Highlights

4,827

Number Of Active Fintech Startups In India

$1.3 Tn

Estimated Fintech Market Opportunity By 2025

Insurancetech

Fastest Growing Fintech Subsector In Terms Of Market Opportunity

Regulatory Uncertainty

Key Market Challenge

Table Of Contents

  • Executive Summary
  • India’s Digital Economy Outlook
  • India’s Startup Economy: A Snapshot
  • Fintech In India: A Snapshot
  • India’s Fintech Ecosystem 2021: Key Highlights
  • India’s Fintech Landscape
  • Fintech Market Opportunity In India
  • India’s Fintech Ecosystem: Funding Trends
  • Fintech Startups On The IPO Ladder
  • Most Active Fintech Investors
  • In The Spotlight: BNPL
  • Early Stage Fintech Startups Making Waves
  • India’s Fintech Unicorns & Soonicorns
  • Emerging Trends

Summary

Since 2018, fintech has sparked maximum interest among venture capital investors, keen to put their money in Indian startups. The rising demand for technology-enabled fintech products across a fast-growing addressable market is the primary reason behind sustained investor confidence towards fintech startups during the past four years. As Indian retail slowly recovered from the onslaught of the Covid-19 pandemic in 2021, the buy-now-pay-later (BNPL) model under lending tech saw a quantum leap, thanks to digital-savvy consumers ratcheting up their spending with these instant, small-ticket loans. The BNPL space is estimated to offer a $43 Bn market opportunity by 2025, growing at an 80% CAGR due to the early nature of the market

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