April 7, 2022

Soonicorn Club 2020: Top FinTech Startups In India

The economy of India is 5th-largest in the world, with a nominal GDP of USD 3.20 trillion. India’s economy is dominated by its service sector, comprising 61.5% of the GDP and employing 31% of the labour force. Arab League is the largest trading partner of India.

India has a thriving startup ecosystem supported by key factors like its location, access to sea routes with modernised ports, low tax rates, access to Asian market, government regulations and availability of low cost skilled labour. Majority of India’s startups are located in Mumbai, Bangalore and Delhi.

With over 3.8K+ FinTech startups, including 20 public ones, India is the nervecentre of the Asian startup ecosystem in the new world order of the millenium.

We, at Tracxn, keep a track of the latest happenings in the world of startups and their associated ecosystems – including venture capital funds, private equity funds and investment banks amongst others.

In this edition, we have the ‘Soonicorn Club of FinTech – India 2020’– an exclusive list of the most promising FinTech – India startups that have also reached significant valuation milestones over the previous few years.