The fintech industry has witnessed a tremendous growth in the investment capital in the past few years. The investors are getting more comfortable with the technology put forth by fintech industry and the revolutionized financial system in the country.
The fintech industry and the internet have together formed a robust base for the fintech to grow in the global economy. The collaboration of the fintech and internet has changed the face of the money and financial services completely. And these changes are the basis of the attraction of the investors’ attention. Every single financial service is facing major changes. In the present times, the way of saving money, their expenditure, and the way they invest their savings is completely changed from that of a decade ago.
The money has converted its form into virtual money and now it is easier to store it as a digital data, the access to them has been much easier and simpler. The storage of the money as a digital data has also made all of the financial transactions on the click of a button and much more robust. The charges that were implied on the transaction have also been challenged.
Why are the investors prodding towards the investment in the fintech industry?
- The fintech industry in the country is becoming the hot shot of the market: The fintech industry has introduced so many drastic changes in the financial system and it has revolutionized the financial and banking services. The fintech industry is becoming an active and appealing investment sector of the investors. Fintech has provided the investors to gain high profits within the initial stages of the hyper growth phase of the industry.
- The country is becoming fintech friendly: The global economy has served the fintech with ample investment, but the Indian market is not much laid back. The investment in the fintech in the Indian market is also increasing. The rate of investment has exponentially risen. In the previous year itself, the fintech industry in India has launched 124 fintech business start ups out of the total 750 in the country. The total investment budget in the previous financial year was approximately 450 million US dollars.
- The fintech industry is becoming very promising in terms of the growth expectations and margin expansion: With the launch of the IPOs of some of the fintech business ventures, the investment has seen a great hype. The fintech industry is capable of managing the growth expectations of the investors and thus providing them with a greater margin. This is why the investors are moving towards the fintech industry.
- The scope of innovations and growth in the fintech industry: The fintech industry is just growing up. There is a wider scope for the fintech industry to develop further and to make the most out of the global market. Envisaging the promising margins from the fintech industry, the investors are taking keen interest in the fintech industry.