There are more than 2000 fintech companies in India. Amongst these 1800+ fintech companies are startups.
Moreover, 42% of the fintech companies are based from Bangalore and Mumbai.
Still there are only 20 fintech unicorns in India.
What could be
I think the main problem is in the lending part which will encourage businesses. Every fintech is putting their QR code and asking for a hefty amount of interest on loans which take them to a NPA.
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