Tracxn. World s Largest Startup Research Platform. Fintech India Report October 2016

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2 Tracxn World s Largest Startup Research Platform 2

3 Contents Topic Page No. Scope of Report 04 Entrepreneur Activity 06 Investment Trend 11 Who is Investing 19 Exit Outlook - IPO, Acquisitions 23 Sub Sector Analysis 25 Consumer Fintech Evolution 46 Interesting Companies 49 Useful Links 67 Company List 70 Team 237 3

4 Sector Overview Scope of report This report includes all Indian companies under the following subsectors in Fintech Payments - Tools which help in the process of payments such as gateways, processors, PoS payment processors, cards, etc. Mobile Payments - Mobile based payment tools and solutions such as MPoS, wallets, Payment aggregators, etc. Investment Tech - Public and private market investing based solutions such as trading platforms, wealth management tools, etc. Excludes traditional trading tip providers and brokers Insurance Tech - Platforms which help insurance companies by providing risk management tools, distribution platforms, etc. Banking Tech - Enabler of banking services via tech solutions, distribution platforms, back end solution providers, etc. Excludes companies that offer services to financial institutions Lending - Platforms that help financial institutions with credit scoring and lead generation. Also includes loan comparison platforms, peer to peer lending platforms and digital balance sheet lenders Consumer Finance - Tools that help consumers in personal finance management, expense splitting, Tax filing etc. Excludes traditional platforms that offer offline finance management advisory services Enterprise Finance Includes accounting, compliance and taxation tools for enterprises Cryptocurrency - Virtual currencies built on blockchain Crowdfunding - Platforms which help people raise money by donations, rewards or equity The report includes all the transactions that have happened in this space till 12th October 2016 The scope of this report includes equity as well as debt funding received by the companies. 4

5 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Consumer Fintech Evolution Interesting Companies Useful Links Company List Team 5

6 Number of Companies YoY Number of companies founded Paytm Ezetap MyUniverse Capital Float Lendingkart CoinTribe InCred 400 FreeCharge Citrus Pay Cloud Lending Faircent Razorpay EarlySalary LoanTap

7 Large Upcoming Sectors No. of Companies Founded Average Age No. of Companies Funded Business Model Total Funding Example 75 Sep Lending > Consumer Loans $24M 41 Sep Lending > Commercial Loans $131M 51 Aug Mobile Payments > Money Transfer $9M 22 Jul Cryptocurrency $4M Faircent 2013, Gurgaon NeoGrowth 2010, Mumbai Chillr 2014, Mumbai Unocoin 2013, Bangalore 48 Feb Investment Tech > Public Market Investing > Robo Advisor $33M FundsIndia 2009, Chennai 159 May Consumer Finance $37M Cleartax 2010, Delhi 7

8 Niche Upcoming Sectors No. of Companies Founded Average Age No. of Companies Funded Business Model Total Funding Example 19 Aug Lending > Consumer Loans > Purchase Loans $10M Flexmoney 2016, Mumbai 7 Aug Lending > Consumer Loans > Personal Loans > B2C Marketplace $1M IndiaLends 2014, Delhi 3 Aug Lending > Commercial Loans > Direct Lender $41M Capital Float 2013, Bangalore 3 Aug Lending > Commercial Loans > Working Capital > Direct Lenders $43M Lendingkart 2014, Ahmedabad 5 Jul Investment Tech > Public Market Investing > Trading Platform > Thematic Investing Undisclosed Smallcase 2015, Bangalore 19 May Lending > Consumer Loans > Personal Loans > P2P Marketplace $8M Faircent 2013, Gurgaon 7 Aug Lending > Consumer Loans > Purchase Loans > EMI based $5M ONEMi 2011, Chennai 8

9 Niche Upcoming Sectors No. of Companies Founded Average Age No. of Companies Funded Business Model Total Funding Example 5 May Lending > Consumer Loans > Student Loans Undisclosed Meritlane 2015, Chennai 3 Apr Lending > Consumer Loans > Purchase Loans > Buy Now Pay Later $2M epaylater 2016, Mumbai 7 Jan Nov Lending > Consumer Loans > Purchase Loans > Students Lending > Commercial Loans > Working Capital > Alternate Financing > Discounting $3M $750K 7 Nov Lending > Enabler > Credit Rating $2M KrazyBee 2016, Bangalore Kredx 2015, Bangalore CreditVidya 2012, Mumbai 17 Sep Lending > Commercial Loans > B2C Marketplace Undisclosed UdyogCredit 2016, Mumbai 6 Sep Lending > Consumer Loans > Payday Loans $2M EarlySalary 2015, Pune 9

10 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Consumer Fintech Evolution Interesting Companies Useful Links Company List Team 10

11 Funding Amount (in Millions) YoY Number of Rounds and Total Funding $1.4B $512M Number of Rounds $201M $110M $127M $58M $62M $77M $13M Funding Amount Number of Rounds Note: The funding includes debt rounds also

12 Number of Rounds YoY Number of Rounds by Stage Seed Early Late 12

13 Total Funding Amount (in Millions) YoY Funding by Stage $1.2B $252M $105M $80M $63M $135M $116M $48M $29M $26M $59M $83M 0 $1M $4M $4M $13M $24M $27M Seed Early Late 13

14 Funding Amount (in Millions) Average Ticket Size Early Stage 18.0 $15.4M 14.4 $11.7M $12.4M 10.8 $9.3M 7.2 $6.2M $6.5M $5.4M 3.6 $4.2M $3.2M $3.2M $3.3M $4.2M 0.0 $1.0M $0.6M $0.8M $0.2M $0.3M $0.2M Seed Series A Series B 14

15 Top investments in last one year Company Funding Amount Round Name Date Investors incred.com InCred (Mumbai, 2016) $74M PE Aug-2016 IDFC, Alpha Capital paytm.com Paytm (Noida, 2010) $60M Series F Aug-2016 MediaTek mobikwik.com MobiKwik (Gurgaon, 2009) $50M Series C May-2016 MediaTek, Sequoia Capital, Tree Line Investment Management, GMO Venture Partners paytm.com Paytm (Noida, 2010) $45M Debt Mar-2016 ICICI Bank mobikwik.com MobiKwik (Gurgaon, 2009) $40M Series C Aug-2016 NET1 finopaytech.com FINO PayTech (Mumbai, 2006) $38M PE Jul-2016 Bharat Petroleum neogrowth.in NeoGrowth (Mumbai, 2010) $35M Series D Jul-2016 Omidyar Network, Khosla Impact, India Infoline Asset Management, Aspada Investments capitalfloat.com Capital Float (Bangalore, 2013) $25M Series B Apr-2016 Creation Investments, SAIF Partners, Sequoia Capital, Aspada Investments 15

16 Top investments in last one year Company Funding Amount Round Name Date Investors citruspay.com Citrus Pay (Mumbai, 2011) $25M Series C Oct-2015 Ascent Capital, Sequoia Capital, Econtext Asia, Beenos lendingkart.com Lendingkart (Ahmedabad, 2014) $20M Series B Jun-2016 Bertelsmann India Investments, Mayfield, Saama Capital, India Quotient deal4loans.com Deal4loans (Delhi, 2007) $15M Series A Jul-2016 Franklin Templeton Investments transerv.co.in Transerv (Mumbai, 2011) $15M Series C Apr-2016 Nirvana Ventures Advisors, Faering Capital, Micromax Informatics, IDFC Mutual Fund cleartax.in Cleartax (Delhi, 2010) $12M Series A Jun-2016 SAIF Partners lendingkart.com Lendingkart (Ahmedabad, 2014) $12M Debt Jun-2016 Bertelsmann India Investments, Mayfield, India Quotient, Saama Capital qwikcilver.com QwikCilver (Bangalore, 2008) $10M Series B Jul-2016 Sistema, Amazon India, Accel Partners, Helion Venture Partners razorpay.com Razorpay (Bangalore, 2014) $9M Series A Oct-2015 Tiger Global Management, Matrix Partners India 16

17 Funnel view of Sector Percent of Previous Founded 1268 Funded % Series A % Series B 41 38% Late 25 M&A & IPO Number of Companies 17

18 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Consumer Fintech Evolution Interesting Companies Useful Links Company List Team 18

19 Total Number of Rounds Most Active Investors in Sector MobiKwik Qwikcilver Chillr FINO PayTech Paytm ItzCash Fintellix NeoGrowth FortunePay Lendingkart 35 FreeCharge Coverfox Unocoin Policybazaar 32 Capital Float Mswipe Agile Financial Technologies Capital Float Qubecell Momoe Sequoia Capital Accel Partners Blume Ventures Intel Capital SAIF Partners Matrix Partners India IDG Capital Partners Aspada Investments Kae Capital India Quotient 19

20 Where are Top Investors investing 20

21 Top Investor by Stage of Entry 21

22 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Consumer Fintech Evolution Interesting Companies Useful Links Company List Team 22

23 Acquisitions in 2016 Date Company Acquirer Deal Size Overview Sep-2016 citruspay.com Citrus Pay (Mumbai, 2011) Aug-2016 sesameindia.com Sesame Software Solutions (Kozhikode, 1993) payu.com $130M speridian.com Undisclosed Payment gateway and mobile wallet Sequoia Capital, 91springboard, Ascent Capital, Beenos, Econtext Asia, Beenext Core banking solutions company Total Funding $32.5M Unfunded Jul-2016 momoe.in Momoe (Bangalore, 2014) shopclues.com Undisclosed Mobile wallet for payments at offline stores Jungle Ventures, IDG Capital Partners, India Quotient $1.2M Apr-2016 phonepe.com PhonePe (Bangalore, 2015) flipkart.com Undisclosed UPI based payment app Unfunded Apr-2016 instapaisa.com InstaPaisa (Delhi, 2015) incred.com Undisclosed B2C marketplace for personal loans Unfunded Mar-2016 qarth.in Qarth (Chennai, 2012) olacabs.com Undisclosed Interbank mobile payment service on mobile Unfunded Mar-2016 ruplee.com Ruplee (Gurgaon, 2014) paylo.in Undisclosed Mobile app to make payments at restaurants Unfunded Feb-2016 emvantage.com Emvantage (Delhi, 2012) amazon.com Undisclosed Online payment gateway solution Unfunded 23

24 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Consumer Fintech Evolution Interesting Companies Useful Links Company List Team 24

25 Tracxn BlueBox : FinTech - India October companies in the sector, 175 funded since 2011, $1.78B invested in 2015/16 25

26 Total Funding Amount (in Millions) Top Business Models by Funding Paytm Financial Software Systems BankBazaar FINO PayTech Policybazaar Eka Software Solutions FundsIndia Cleartax Chargebee BookMyForex 1400 MobiKwik ItzCash InCred $1.3B AGS Transact Technologies Coverfox Heckyl MyUniverse Walnut Niyo Solutions Fxkart $360M $345M $311M $115M $64M $47M $37M $8M $4M 0 Mobile Payments Payments Lending Banking Tech Insurance Tech Software for Institutional Investors Investment Tech Consumer Finance Enterprise Finance Forex Avg. Age Feb-13 Jul-09 Nov-13 Jun-09 Nov-11 Jan-10 Sep-11 May-13 Jan-11 Jul-13 # Cos

27 Payments Overview 27

28 Mobile Payments Business Model Description 28

29 Mobile Payments Entrepreneur Activity and Investment Trend 29

30 Mobile Payments Most Funded Companies 30

31 Payments Business Model Description 31

32 Payments Entrepreneur Activity and Investment Trend 32

33 Payments Most Funded Companies 33

34 SMB Lending Overview 34

35 Consumer Lending Overview 35

36 Lending Business Model Description 36

37 Lending Entrepreneur Activity and Investment Trend 37

38 Lending Most Funded Companies 38

39 Banking Tech Business Model Description 39

40 Banking Tech Entrepreneur Activity and Investment Trend 40

41 Banking Tech Most Funded Companies 41

42 Insurance Tech Business Model Description 42

43 Insurance Tech Entrepreneur Activity and Investment Trend 43

44 Insurance Tech Most Funded Companies 44

45 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Consumer Fintech Evolution Interesting Companies Useful Links Company List Team 45

46 Consumer Fintech Evolution 46

47 Consumer Fintech Evolution 47

48 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Consumer Fintech Evolution Interesting Companies Useful Links Company List Team 48

49 Interesting Unfunded Companies Company Overview Business Model cashe.co.in CASHe (2016, Mumbai) Short term personal loan platform Lending > Consumer Loans > Personal Loans > Short Term CarX (2016, Bangalore) Mobile app for tracking driving and vehicle analytics Insurance Tech > Data Providers novoloans.com Novoloans (2016, Mumbai) Micro-lending marketplace Lending > Commercial Loans > B2C Marketplace LegUp (2016, Mumbai) Financing for career enhancing activities Lending > Consumer Loans > Student Loans > Career Enhancing Activities MyBanker (2016, Gurgaon) AI based Banking assistant Banking Tech > Back-End Solutions > Customer Experience GetHonestPay (2016, Bangalore) Healthcare financing options Lending > Consumer Loans > Healthcare wealthyfox.in WealthyFox (2016, Mumbai) Platform for aggregating & comparing financial analytics companies Investment Tech > Public Market Investing > Data Platform > Analytics ReBase (2016, Bangalore) Mobile app for payday loans Lending > Consumer Loans > Payday Loans lastmile.mobi Lastmile (2015, Hyderabad) Platform for last mile payments management Curated list of companies by the sector analyst are defined as Interesting Payments > Technology 49

50 Interesting Unfunded Companies 50

51 Interesting Unfunded Companies 51

52 Interesting Unfunded Companies 52

53 Interesting Seed Companies 53

54 Interesting Seed Companies 54

55 Interesting Seed Companies 55

56 Interesting Seed Companies 56

57 Interesting Series A Companies 57

58 Interesting Series A Companies 58

59 Interesting Series A Companies 59

60 Interesting Series B Companies 60

61 Interesting Series B Companies 61

62 Interesting Late Stage Companies 62

63 Interesting Late Stage Companies 63

64 Interesting Late Stage Companies 64

65 Top Funded Deadpooled Companies 65

66 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Consumer Fintech Evolution Interesting Companies Useful Links Company List Team 66

67 Useful Links Slide Title Content Platform Link List of All Companies in readable format Companies Link Niche Upcoming Sectors Entrepreneur Activity Link Top investments in last one year Investment Trend Link Major Acquisitions in last one year Exit Outlook - Acquisitions Link Top Funded Deadpooled Companies Companies Link 67

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69 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Consumer Fintech Evolution Interesting Companies Useful Links Company List Team 69

70 Fintech India Company List 230 FUNDED COMPANIES AND 1045 UNFUNDED COMPANIES COVERS THE FOLLOWING SECTORS Mobile Payments Payments Lending Banking Tech Insurance Tech Software for Institutional Investors Investment Tech Consumer Finance Enterprise Finance Forex Cryptocurrency Crowdfunding 70

71 Go to BM List >> Payments Mobile Payments (1/22) Company Overview Business Model Total Funding Happi-Pay (2016, Hyderabad) Fedelis (2015, Gurgaon) AppSperts (2011, Mumbai) Mopaso (2014, Mumbai) ipayy (2013, Bangalore) Paychamp (2013, Noida) JunoTele (2011, Bangalore) QubeCell (2012, Mumbai) Online payment solution for local merchants Real time mobile payment system Payments solution providers Carrier billing and storefront creation Micro-payment solution for digital goods using mobile carrier billing. Mobile payment service charging users through operator billing Real-time Carrier Billing Platform Mobile Billing Aggregator Mumbai Angels, Kae Capital, TA Ventures, Blume Ventures Direct Carrier Billing Direct Carrier Billing Direct Carrier Billing Direct Carrier Billing Direct Carrier Billing 71

72 Go to BM List >> Payments Mobile Payments (2/22) Company Overview Business Model Total Funding GiftMate (2006, Mumbai) Mobile money voucher gifting service Gifting Chillr (2014, Mumbai) NumberMall (2012, Hyderabad) Smartphone application for P2P money transactions Sequoia Capital, Mobme, Blume Ventures Money Transfer $8M Mobile payments platform SRI Capital Money Transfer $1M Payio (2016, Hyderabad) Bille (2015, Delhi) NoKards (2016, Pune) Finmo (2015, Delhi) Click&Pay (2015, Hyderabad) Money transfer app Mobile app for paying bills at restaurants Money transfer app Money transfer app Card linked mobile payment and money transfer app Money Transfer Money Transfer Money Transfer Money Transfer Money Transfer 72

73 Go to BM List >> Payments Mobile Payments (3/22) Company Overview Business Model Total Funding Alpha Pay (2016, Mumbai) Flashpay (2015, Chennai) ScrewCash (2015, Delhi) Shash (2016, Surat) Eswipe (2013, Kolkata) Track N Pay (2015, Bangalore) Payjaldi (2015, Bangalore) OTap (2015, Mumbai) App for merchant payments and peer-to-peer money transfer Payment app for online and offline transactions Mobile payment app Mobile payments company in stealth mode Money transfer platform Mobile invoicing and payment company SMS based payment platform Mobile payments company in stealth mode Money Transfer Money Transfer Money Transfer Money Transfer Money Transfer Money Transfer Money Transfer Money Transfer 73

74 Go to BM List >> Payments Mobile Payments (4/22) 74

75 Go to BM List >> Payments Mobile Payments (5/22) 75

76 Go to BM List >> Payments Mobile Payments (6/22) 76

77 Go to BM List >> Payments Mobile Payments (7/22) 77

78 Go to BM List >> Payments Mobile Payments (8/22) 78

79 Go to BM List >> Payments Mobile Payments (9/22) 79

80 Go to BM List >> Payments Mobile Payments (10/22) 80

81 Go to BM List >> Payments Mobile Payments (11/22) 81

82 Go to BM List >> Payments Mobile Payments (12/22) 82

83 Go to BM List >> Payments Mobile Payments (13/22) 83

84 Go to BM List >> Payments Mobile Payments (14/22) 84

85 Go to BM List >> Payments Mobile Payments (15/22) 85

86 Go to BM List >> Payments Mobile Payments (16/22) 86

87 Go to BM List >> Payments Mobile Payments (17/22) 87

88 Go to BM List >> Payments Mobile Payments (18/22) 88

89 Go to BM List >> Payments Mobile Payments (19/22) 89

90 Go to BM List >> Payments Mobile Payments (20/22) 90

91 Go to BM List >> Payments Mobile Payments (21/22) 91

92 Go to BM List >> Payments Mobile Payments (22/22) 92

93 Mobile Payments << Go to BM List >> Lending Payments (1/13) 93

94 Mobile Payments << Go to BM List >> Lending Payments (2/13) 94

95 Mobile Payments << Go to BM List >> Lending Payments (3/13) 95

96 Mobile Payments << Go to BM List >> Lending Payments (4/13) 96

97 Mobile Payments << Go to BM List >> Lending Payments (5/13) 97

98 Mobile Payments << Go to BM List >> Lending Payments (6/13) 98

99 Mobile Payments << Go to BM List >> Lending Payments (7/13) 99

100 Mobile Payments << Go to BM List >> Lending Payments (8/13) 100

101 Mobile Payments << Go to BM List >> Lending Payments (9/13) 101

102 Mobile Payments << Go to BM List >> Lending Payments (10/13) 102

103 Mobile Payments << Go to BM List >> Lending Payments (11/13) 103

104 Mobile Payments << Go to BM List >> Lending Payments (12/13) 104

105 Mobile Payments << Go to BM List >> Lending Payments (13/13) 105

106 Payments << Go to BM List >> Banking Tech Lending (1/25) 106

107 Payments << Go to BM List >> Banking Tech Lending (2/25) 107

108 Payments << Go to BM List >> Banking Tech Lending (3/25) 108

109 Payments << Go to BM List >> Banking Tech Lending (4/25) 109

110 Payments << Go to BM List >> Banking Tech Lending (5/25) 110

111 Payments << Go to BM List >> Banking Tech Lending (6/25) 111

112 Payments << Go to BM List >> Banking Tech Lending (7/25) 112

113 Payments << Go to BM List >> Banking Tech Lending (8/25) 113

114 Payments << Go to BM List >> Banking Tech Lending (9/25) 114

115 Payments << Go to BM List >> Banking Tech Lending (10/25) 115

116 Payments << Go to BM List >> Banking Tech Lending (11/25) 116

117 Payments << Go to BM List >> Banking Tech Lending (12/25) 117

118 Payments << Go to BM List >> Banking Tech Lending (13/25) 118

119 Payments << Go to BM List >> Banking Tech Lending (14/25) 119

120 Payments << Go to BM List >> Banking Tech Lending (15/25) 120

121 Payments << Go to BM List >> Banking Tech Lending (16/25) 121

122 Payments << Go to BM List >> Banking Tech Lending (17/25) 122

123 Payments << Go to BM List >> Banking Tech Lending (18/25) 123

124 Payments << Go to BM List >> Banking Tech Lending (19/25) 124

125 Payments << Go to BM List >> Banking Tech Lending (20/25) 125

126 Payments << Go to BM List >> Banking Tech Lending (21/25) 126

127 Payments << Go to BM List >> Banking Tech Lending (22/25) 127

128 Payments << Go to BM List >> Banking Tech Lending (23/25) 128

129 Payments << Go to BM List >> Banking Tech Lending (24/25) 129

130 Payments << Go to BM List >> Banking Tech Lending (25/25) 130

131 Lending << Go to BM List >> Insurance Tech Banking Tech (1/14) 131

132 Lending << Go to BM List >> Insurance Tech Banking Tech (2/14) 132

133 Lending << Go to BM List >> Insurance Tech Banking Tech (3/14) 133

134 Lending << Go to BM List >> Insurance Tech Banking Tech (4/14) 134

135 Lending << Go to BM List >> Insurance Tech Banking Tech (5/14) 135

136 Lending << Go to BM List >> Insurance Tech Banking Tech (6/14) 136

137 Lending << Go to BM List >> Insurance Tech Banking Tech (7/14) 137

138 Lending << Go to BM List >> Insurance Tech Banking Tech (8/14) 138

139 Lending << Go to BM List >> Insurance Tech Banking Tech (9/14) 139

140 Lending << Go to BM List >> Insurance Tech Banking Tech (10/14) 140

141 Lending << Go to BM List >> Insurance Tech Banking Tech (11/14) 141

142 Lending << Go to BM List >> Insurance Tech Banking Tech (12/14) 142

143 Lending << Go to BM List >> Insurance Tech Banking Tech (13/14) 143

144 Lending << Go to BM List >> Insurance Tech Banking Tech (14/14) 144

145 Insurance Tech (1/10) Banking Tech << Go to BM List >> Software for Institutional Investors 145

146 Insurance Tech (2/10) Banking Tech << Go to BM List >> Software for Institutional Investors 146

147 Insurance Tech (3/10) Banking Tech << Go to BM List >> Software for Institutional Investors 147

148 Insurance Tech (4/10) Banking Tech << Go to BM List >> Software for Institutional Investors 148

149 Insurance Tech (5/10) Banking Tech << Go to BM List >> Software for Institutional Investors 149

150 Insurance Tech (6/10) Banking Tech << Go to BM List >> Software for Institutional Investors 150

151 Insurance Tech (7/10) Banking Tech << Go to BM List >> Software for Institutional Investors 151

152 Insurance Tech (8/10) Banking Tech << Go to BM List >> Software for Institutional Investors 152

153 Insurance Tech (9/10) Banking Tech << Go to BM List >> Software for Institutional Investors 153

154 Insurance Tech (10/10) Banking Tech << Go to BM List >> Software for Institutional Investors 154

155 Software for Institutional Investors (1/7) Insurance Tech << Go to BM List >> Investment Tech 155

156 Software for Institutional Investors (2/7) Insurance Tech << Go to BM List >> Investment Tech 156

157 Software for Institutional Investors (3/7) Insurance Tech << Go to BM List >> Investment Tech 157

158 Software for Institutional Investors (4/7) Insurance Tech << Go to BM List >> Investment Tech 158

159 Software for Institutional Investors (5/7) Insurance Tech << Go to BM List >> Investment Tech 159

160 Software for Institutional Investors (6/7) Insurance Tech << Go to BM List >> Investment Tech 160

161 Software for Institutional Investors (7/7) Insurance Tech << Go to BM List >> Investment Tech 161

162 Investment Tech (1/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 162

163 Investment Tech (2/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 163

164 Investment Tech (3/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 164

165 Investment Tech (4/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 165

166 Investment Tech (5/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 166

167 Investment Tech (6/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 167

168 Investment Tech (7/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 168

169 Investment Tech (8/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 169

170 Investment Tech (9/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 170

171 Investment Tech (10/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 171

172 Investment Tech (11/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 172

173 Investment Tech (12/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 173

174 Investment Tech (13/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 174

175 Investment Tech (14/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 175

176 Investment Tech (15/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 176

177 Investment Tech (16/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 177

178 Investment Tech (17/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 178

179 Investment Tech (18/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 179

180 Investment Tech (19/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 180

181 Investment Tech (20/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 181

182 Investment Tech (21/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 182

183 Investment Tech (22/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 183

184 Investment Tech (23/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 184

185 Investment Tech (24/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 185

186 Investment Tech (25/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 186

187 Investment Tech (26/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 187

188 Investment Tech (27/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 188

189 Investment Tech (28/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 189

190 Investment Tech (29/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 190

191 Investment Tech (30/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 191

192 Investment Tech (31/31) Software for Institutional Investors << Go to BM List >> Consumer Finance 192

193 Investment Tech << Go to BM List >> Enterprise Finance Consumer Finance (1/21) 193

194 Investment Tech << Go to BM List >> Enterprise Finance Consumer Finance (2/21) 194

195 Investment Tech << Go to BM List >> Enterprise Finance Consumer Finance (3/21) 195

196 Investment Tech << Go to BM List >> Enterprise Finance Consumer Finance (4/21) 196

197 Investment Tech << Go to BM List >> Enterprise Finance Consumer Finance (5/21) 197

198 Investment Tech << Go to BM List >> Enterprise Finance Consumer Finance (6/21) 198

199 Investment Tech << Go to BM List >> Enterprise Finance Consumer Finance (7/21) 199

200 Investment Tech << Go to BM List >> Enterprise Finance Consumer Finance (8/21) 200

201 Investment Tech << Go to BM List >> Enterprise Finance Consumer Finance (9/21) 201

202 Investment Tech << Go to BM List >> Enterprise Finance Consumer Finance (10/21) 202

203 Investment Tech << Go to BM List >> Enterprise Finance Consumer Finance (11/21) 203

204 Investment Tech << Go to BM List >> Enterprise Finance Consumer Finance (12/21) 204

205 Investment Tech << Go to BM List >> Enterprise Finance Consumer Finance (13/21) 205

206 Investment Tech << Go to BM List >> Enterprise Finance Consumer Finance (14/21) 206

207 Investment Tech << Go to BM List >> Enterprise Finance Consumer Finance (15/21) 207

208 Investment Tech << Go to BM List >> Enterprise Finance Consumer Finance (16/21) 208

209 Investment Tech << Go to BM List >> Enterprise Finance Consumer Finance (17/21) 209

210 Investment Tech << Go to BM List >> Enterprise Finance Consumer Finance (18/21) 210

211 Investment Tech << Go to BM List >> Enterprise Finance Consumer Finance (19/21) 211

212 Investment Tech << Go to BM List >> Enterprise Finance Consumer Finance (20/21) 212

213 Investment Tech << Go to BM List >> Enterprise Finance Consumer Finance (21/21) 213

214 Enterprise Finance (1/9) Consumer Finance << Go to BM List >> Forex 214

215 Enterprise Finance (2/9) Consumer Finance << Go to BM List >> Forex 215

216 Enterprise Finance (3/9) Consumer Finance << Go to BM List >> Forex 216

217 Enterprise Finance (4/9) Consumer Finance << Go to BM List >> Forex 217

218 Enterprise Finance (5/9) Consumer Finance << Go to BM List >> Forex 218

219 Enterprise Finance (6/9) Consumer Finance << Go to BM List >> Forex 219

220 Enterprise Finance (7/9) Consumer Finance << Go to BM List >> Forex 220

221 Enterprise Finance (8/9) Consumer Finance << Go to BM List >> Forex 221

222 Enterprise Finance (9/9) Consumer Finance << Go to BM List >> Forex 222

223 Forex (1/2) Enterprise Finance << Go to BM List >> Cryptocurrency 223

224 Forex (2/2) Enterprise Finance << Go to BM List >> Cryptocurrency 224

225 Forex << Go to BM List >> Crowdfunding Cryptocurrency (1/3) 225

226 Forex << Go to BM List >> Crowdfunding Cryptocurrency (2/3) 226

227 Forex << Go to BM List >> Crowdfunding Cryptocurrency (3/3) 227

228 Cryptocurrency << Go to BM List >> Miscellaneous Crowdfunding (1/8) 228

229 Cryptocurrency << Go to BM List >> Miscellaneous Crowdfunding (2/8) 229

230 Cryptocurrency << Go to BM List >> Miscellaneous Crowdfunding (3/8) 230

231 Cryptocurrency << Go to BM List >> Miscellaneous Crowdfunding (4/8) 231

232 Cryptocurrency << Go to BM List >> Miscellaneous Crowdfunding (5/8) 232

233 Cryptocurrency << Go to BM List >> Miscellaneous Crowdfunding (6/8) 233

234 Cryptocurrency << Go to BM List >> Miscellaneous Crowdfunding (7/8) 234

235 Cryptocurrency << Go to BM List >> Miscellaneous Crowdfunding (8/8) 235

236 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Consumer Fintech Evolution Interesting Companies Useful Links Company List Team 236

237 Team Prasanna Munot, Analyst, Fintech India 237

238