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Rise of the FinTechs in India

India is considered to be 2nd biggest home for Fin-tech companies. Not less than 2500 startups are operational now. Few of them have become unicorns such as PayTm, a startup is called a unicorn if its revenue growth is more than $ 1 billion.      Fin-tech is defined as any business which integrates finance with technology . Most promising FinTechs in India are - PayTm, Mobikwik, PayU, FreeCharge, Zerodha, PolicyBazaar, Ola money, CRED, Phone pay and ETMoney to name a few. Fin-tech market size and expectations Fin-techs have a long history from ATM to POS to credit cards to stock broking services going online. Bloomberg and Thompson Reuters were the pioneer companies utilizing this need of financial sector to closely work with technology. In the early 90s the internet boom and rise of e-commerce can be considered as evolution of Fin-tech . Later in early 21st century use of smartphone increased and people wanted to do whole lot of activities from their phones. This ...