State Of Indian Fintech Report Q1 2023
About the report
The total addressable market for fintech in India is expected to reach $2.1 Tn by 2030, with a compound annual growth rate (CAGR) of 18% from 2022. Since 2014, the sector has attracted more than $25.8 Bn in investments, minting 22 unicorns and 33 soonicorns in the process. With the onset of a funding winter in 2022, the fintech sector has been hit hard, and both deal value and deal count declined by 40% and 13.5% YoY, respectively. But despite these challenges, the future of fintech in India looks promising. This report provides an overview of the current state of the fintech sector while focussing on the startups driving innovation and growth. In particular, it highlights India’s rapidly growing B2B lending market, set to disrupt traditional lending models and transform the financial landscape.
The total addressable market for fintech in India is expected to reach $2.1 Tn by 2030, with a compound annual growth rate (CAGR) of 18% from 2022. Since 2014, the sector has attracted more than $25.8...
$2.1 Tn
Estimated Fintech Market Opportunity By 2030
63 Mn
Total Number Of SMBs In India
$2.8 Bn
Total Funding Into B2B Lending Startups (2014-2022)
$4.8 Bn
Total Funding Into Fintech Sector In 2022
report summary
Table of Contents
- India’s Digital Economy In A Nutshell
- India’s Fintech Landscape: Key Players
- India’s Fintech Market Opportunity & Growth Drivers
- India Vs China Vs The US: A Comparison Of Fintech Startup Ecosystems
- Fintech Funding Trends YoY (2014-2022)
- Fintech Funding Trends QoQ (Q1 2022-Q1 2023)
- Median Ticket Size QoQ (Q1 2022-Q1 2023)
- Fintech M&A Trends YoY (2015- Q1 2022)
- Top Fintech Sub-Sectors In 2022
- Top Fintech Startup Hubs In 2022
- Notable Fintech Startup Investors In 2022
- InFocus: B2B Lending Solving The SMB Credit Crunch
- B2B Lending In India: Market Opportunity & Growth Drivers In SMB Lending
- How India Stacks Up Against The US & China In SMB Lending:
- B2B Lending Value Chain: How The Credit Flow Works In India
- Funding Overview Of B2B & Consumer Lending (2014-2022)
- Lendingtech Funding Trends QoQ (2014-2022)
- B2B Lending Type Split: Funding Trends (2014-2022)
- Stage-Wise Funding Trends In B2B Lending (2014-2022)
- Financials, Comparative Analysis Of Top 10 Funded Startups In B2B Lending
- Key Challenges Of Fintech In India
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Summary
- Number Of Companies730
- Number of founders8932
- Total Funding Amount$136.64 Bn+
- Number of Investments252
- Number of Acquisitions197
- Average Company Age9.1 yrs
Top Funded Startups
Latest Funding Rounds
Announced date | Transaction name | Number of investor | Money raised |
---|---|---|---|
09 Jan 2025 | Series B - GrayQuest | 3 | $9.30 Mn |
08 Jan 2025 | Series A - Infinity Fincorp Solutions | 3 | $35.00 Mn |
07 Jan 2025 | Series A - hBits | 1 | $4.60 Mn |
01 Jan 2025 | Debt - Aye Finance | 4 | $12.80 Mn |
22 Dec 2024 | Series A - Univest | 1 | $10.00 Mn |
18 Dec 2024 | Pre-Series A - QuiD Cash | 2 | $4.50 Mn |
18 Dec 2024 | Undisclosed - Kissht | 1 | Undisclosed |
18 Dec 2024 | Seed - Curie Money | 3 | $1.20 Mn |
Latest Acquisitions
Acquiree Name | Announced date | Price | Acquirer Name | Headquarters | Sector |
---|---|---|---|---|---|