India's fintech sector valuation to touch $150-160 billion by 2025: Report

India is strongly poised to realise a fintech sector valuation of USD 150-160 billion by 2025, translating to an incremental value-creation potential of about USD 100 billion, a report by Boston Consulting Group (BCG) and FICCI said.

The report, titled ‘India FinTech: A USD 100 Bn opportunity’, noted that over the past five years, Indian fintech companies have raised about USD 10 billion from investors all over the world, catapulting the sector’s total valuation to an estimated USD 50-60 billion.

“India is strongly poised to realise a fintech sector valuation of USD 150-160 billion by 2025, translating to an incremental value-creation potential of approximately USD 100 billion.

“Further, it is estimated that to meet this ambition, India’s fintech sector will need investments of USD 20-25 billion over the next five years,” it added.

The report said India has seen a sharp rise in the number of financial technology (fintech) firms. Of the over 2,100 fintech firms existing in India currently, 67 per cent have been set up in the past five years.

While Indian fintechs have cumulatively raised more than USD 10 billion since 2016, eight fintech companies have reached the ‘billion-dollar-valuation’ milestone (unicorns) and an additional 44 are valued at over USD 100 million as of date, it added.

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Source: India’s fintech sector valuation to touch $150-160 billion by 2025: Report – The Financial Express