India world's second biggest fintech hub; Mumbai and Bengaluru leading the charge

India worlds second biggest fintech hub; Mumbai and Bengaluru leading the charge

  • India is now the world's second biggest fintech hub (trailing only the US) with 2,035 startups operating in the sector, according to the India Fintech Report 2019.
  • (Until 2014, there were only 737 fintech startups in the country.)The inaugural edition of the report is a joint effort by MEDICI (a global innovation and insights platform for fintech), Zone Startups India (a Mumbai-based startup accelerator), and was unveiled at Fintegrate Zone 2019 - India's largest fintech conclave supported by Paisabazaar.com, and Government of Maharashtra.
  • Payments constitute the largest share of fintech startups in India.
  • In one year, immense progress has been made by Mumbai Fintech Hub in catalysing the growth of fintech startups.


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