
Fintech: An Industry with Promise
There is no doubt about the fact that a plethora of fintech startups have come up, especially during the pandemic. Newspapers flash headlines like, “X Startup raises USD$10 million in seed round” on a regular basis. The pandemic was thought to be a hindrance for the initiation of startups, however, it proved to be a facilitator as the digitalisation of processes made it significantly easier to launch a startup. Moreover, as most processes were transitioned to the online medium owing to the government’s efforts in minimising cash transactions, a push was given to fintech. Even as other industries continued to accumulate hefty losses, fintech continued to shine. Finance is a field that has long garnered attention of the masses being an industry with monetary as well as developmental promises. In this piece, we observe the future projections of growth in the field.