India’s Leading BFSI and FinTech Companies 2023

India’s Leading BFSI and FinTech Companies 2023 | 71 [ INDIAN FINTECH COMPANIES OVERVIEW ] the umbrella organisation for operating retail payments and settlement systems in India, as an initiative of the Reserve Bank and the Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007. INDIAN FINTECH LANDSCAPE Indian FinTech industry, still in its infancy, is getting a solid trust vote from venture capitalists across the globe. Following are the major statistics for Indian Fintech: ƒ Venture capital funding into FinTech space is estimated at 29 billion USD between 2017- mid-2022 ƒ There are 22 Unicorns in FinTech space as of June 2022 ƒ There are 37 listed FinTech start-ups in India as of June 2022 ƒ There are over 4.2 thsd active FinTech firms as of June 2022 ƒ And there are over 640 funded FinTech start-ups Classification of FinTechs Major disruptions caused by FinTech to the BFSI Dun & Bradstreet