8 hot Indian fintechs for the CIO watchlist

Efficient offerings across payments, lending, broking, insurance, and wealth management have radically transformed the Indian fintech market in the past five years.

mobile banking / online banking / FinTech / financial network / finance app
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Financial technologies such as mobile wallets, online banking, or payment apps that change the way consumers and businesses manage their finances are on the rise, with an adoption rate of 64% worldwide and a massive 87% in India, according to Invest India.

In India there are over 2,100 fintechs, the companies that develop such technologies, two-thirds of them less than five years old, according to a study by Boston Consulting Group (BCG) and the Federation of Indian Chambers of Commerce and Industry (FICCI). Mumbai, Bangalore, Delhi, Gurgaon are the cities with the greatest concentrations of them.  

One of those companies, Paytm, is worth over $10 billion according to CB Insights, while according to BCG/FICCI another seven are valued at over $1 billion each and 44 more are worth over $100 million.

Fintechs aren’t just for consumers: They help enterprises too, providing CIOs with solutions for cross border payments, digital lending, finance-specific conversational AI, payment gateways, PoS (point-of-sale) solutions, management apps, account automation, loan application and more.

Here are eight of the hottest Indian fintechs for CIOs to keep an eye on.

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