Value of fintech-led businesses to rise to $400 billion by 2030: report

Around $400 billion worth of businesses will be created in the Indian fintech sector over the next seven years, growing four times from current levels, a report by early stage venture investor Elevation Capital said.

The sector will tap into a revenue pool of around $70 billion, out of the overall financial services revenue pool of $620 billion by FY2030, according to The Bottomline: Elevation Fintech Report 2023.

With over 9,000 fintech startups, India now has the world’s third largest fintech ecosystem after the US and UK, it added.