India's Fintech Startups Grow Fivefold In 3 Years
Ahmedabad Mirror|September 05, 2024
Estimated value of all fintech companies in India is around $125 billion; income of these cos in FY23 was $20 billion
India's Fintech Startups Grow Fivefold In 3 Years

India’s financial sector is growing at a rapid pace as fintech startups have grown by about five times in the past three years, according to a report. The growth has been from 2,100 in 2021 to 10,500 in 2024.

JM Financial said in a report: “At present time, India has 26 fintech unicorns with an estimated combined market value of $90 billion.”

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