Top trends that defined fintech in 2021

Fintech startups raised a total of $6.39 billion in funding in FY 2021, as of December 10, over 3.5X more than they did in the year-ago period. As investor interest in the sector continues to hold strong, we look at some of the most defining trends in the space this year.
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Good Morning,

In 2021, India's fintech ecosystem was buzzing with activity. Amid the rapid digitisation propelled by the COVID-19 pandemic, fintech startups worked hard to enable digital payments, help people buy insurance online, and enable MSMEs to exert financial autonomy, and proliferate buy now pay later (BNPL) schemes.

While Digit Insurance, CRED, Five Star Finance, Groww, Zeta, BharatPe, MobiKwik, ACKO Insurance, Upstox, and Slice crossed the billion-dollar market valuation mark, Paytm, and PolicyBazaar got listed on the stock exchanges.

Part of the massive investment inflow into the Indian startup ecosystem can be attributed to fintech startups, which drew a total of $4.25 billion in funding in the first nine months of the year as per YourStory data — over 3X more than in the year-ago period.

"Indian fintechs are at an inflection point to leverage digital enablement of users to China-like levels in five years through a robust stack of platforms and rise in ecommerce and digital transactions,” investment bank Jefferies noted.

Check out the top trends in the Indian fintech space in 2021.


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Before you go, stay inspired with… 

Sanjay Gupta

“With the fundamental drivers of digitisation now in place, and millions of new users coming online, India’s goal of becoming a truly digital economy is within sight.”

Sanjay Gupta, Country Head and VP, Google India


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