What drives business activity in fintech startups? Two surveys, by Kalaari Capital and Tracxn, delve deep to check out the strategies, the investments and people that help run these rapidly- growing firms which marry money and software. ET gives a peek.
India is now acknowledged as a country of global importance beyond its history and sheer size of population, as an economic power, says Onno Ruhl, who completes his four-year term as the World Bank’s country director in India. In an interview to ET’s Deepshikha Sikarwar and Vinay Pandey, he says climbing into top 50 will take some time but can be done.
India has emerged as the third biggest alternative lending sector in the world when it comes to the number of startups facilitating consumer loans, with 84 operating in the space, following the US and China.
Banking major ICICI Bank will soon invest in fintech startups by picking up equity stakes in them. The bank will also help them enhance their business plans and products.