The financial services ecosystem in India is witnessing rapid change, with technology-driven solutions and FinTech taking central roles in evolving the landscape. With digital solutions gaining traction during the COVID-19 crisis, FinTech sector is expected to witness greater collaboration with financial institutions in the coming years. At Pre-Eminence Ventures, we are partnering with FinTech companies to work along with them on their innovative ideas and providing them with strategic support.
Some of our services include:
- Providing strategic business and sector evaluation
- Identifying potential investors for expansion
- Aligning business strategy with regulatory obligations
- Taxation and assurance services
The FinTech market in India is expected to reach INR 6,207.41 billion by 2025, up from INR 1,920.16 billion in 2019, growing at a CAGR of 22.7 per cent, as per Netscribes India. Along with adoption of digital payments during the COVID-19 crisis, increase in usage of the Internet and improvement of digital infrastructure, are expected to be major driving factors for the FinTech sector in India.
The sector is primarily dominant in payment segment and lending segment, offering services such as mobile wallets, merchant payments, PoS services, remittances, peer-to-peer lending, crowdfunding, and credit scoring platforms, among others.