Fintech
“As per our survey to understand the current state of fintech ecosystem the mid and large stage companies expanded their business to additional geographic sites but the early stages of development companies had to survive the operational and liquidity challenges created by Covid-19. Overall fintech funding in 2020 can be considered as an indication of strength and potential of the sector as the rapid pace of digitalisation & financial inclusion continues to grow. Early-stage funding such as angel seed and venture funding makes up for a large volume of these deals and underlines the potential of the startups as well as the investor confidence in the Indian fintech market. The Covid-19 pandemic has changed the mode of payment and enabled the exchange of payments digitally. The future of the digital payments sector looks positive and is set to play a key role towards a cashless society.“
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