In 2015, around 12,000 FinTech came up globally making up the total investment of $19 billion. It is expected that by 2020, the global investment by FinTech will be $45 billion, which is a steep rise of 7.1%. According to the NASSCOM reports, India has around 400 FinTech companies with the investment of around $420 million.
Reports also suggest that by year 2020, the investment of the FinTech companies in India will increase to $2.4 billion. With the help of government regulations, banks and other financial companies, India has formed a favorable ecosystem for the growth of FinTech.