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Indian fintechs see major improvement in profit outlook
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fintechs has improved substantially amid expectations that the revenue would rise to $190 billion by 2030 from $17 billion in 2022, forecast Boston Consulting Group.
Funding for Indian fintechs is recovering faster than the rest of the world with a 30% increase in the first half than last year's second half, but it still remains lesser than the corresponding half last year, it said.
«Indian fintechs continue to command the 3rd largest share of the global funding and deal volume.
Significant increase, 2x in 2023 vs 2022 in the profitability outlook across Indian fintechs observed,» said Yashraj Erande, MD at BCG.
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