Fintech: The Basics
Fintech (Financial Technology) – are firms that help consumers and financial institutions enhance old services and create automated financial solutions. The services include wealth management, insurance, payment gateways and alternative credit scoring, among other financial services.
The expansion of Fintech companies in India has been revolutionary. India saw a spurt in the number of Fintech startups between 2010 and 2015, with 1216 new startups emerging in the market. In 2021, Indian Fintech ecosystem stood at $31 billion, becoming the third largest Fintech market in the world.
Top services offered by Fintechs in India
The services provided by these startups have helped customers and existing merchants create an ecosystem of shared resources and profits
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