Fin Tech Companies in India: A Study of Growth Analysis

Abstract

Financial Technology (Fintech) is the new technology that aims to compete with the traditional financial methods in the delivery of financial services. The present study has critically examined the emerging concept of financial technology and is based on a sample of top ten Fintech entrepreneurial ventures. The sample is selected based on the published ranking report of Fintech Asia (A Fintech news source). The study has explored the top ten ventures of Fintech companies on the basis of their vision, mission and growth analysis in terms of last funding type. The results reveal that Paytm Payments Bank, Incred and Fino Payments Bank's funding type has not been disclosed. Similarly, Financial Software and Systems and Bank Bazaar have revealed that their last funding type is 'D' type. Policy Bazaar has revealed its last funding type as E type funding. While Itz Cash Card, Mobikwik, Capitalfloat and Lendingkart have disclosed a Series C type funding