The Indian FinTech market is all set to record 10x growth achieving $200 Bn in revenues, as per an EY study. This growth stems from an accelerated push for digital adoption in the financial sector. India exclusively has seen a trifecta of government facilitation of a digital economy, technological advancement in terms of computing power, and cheap and democratized internet access to everyone. These developments have ultimately helped diverse businesses across industries to manage business finances and cash flow efficiently. The rapid adoption of emerging technologies has enabled financial tech ..read more

India has seen a revolutionary growth of FinTech companies over the last few years. The stringent and traditional financial ecosystem worked as a catalyst for the FinTech boom. The country is home to a whopping 6000+ FinTech companies, while the industry is valued at $30 Bn, as per a PwC report.  The growth story of FinTech companies in India is closely aligned with the rise of the startup ecosystem. Financial technology empowered new business owners and entrepreneurs to manage and scale their operations with confidence. Several small and medium-sized businesses have been leveraging advan ..read more

Traditionally, for small businesses and SMEs implementing technology to improve financial management efficiency was a distant dream. Most solutions available in the market were both expensive and built for enterprises. However, FinTech companies are changing the status quo through their innovative solutions.  One such innovation has been in the spend management space. For far too long, companies have been struggling to cope with manual spend management processes, which were error-prone and time-consuming. As businesses scaled, the volume of data in spreadsheets and paper-based invoices gr ..read more

A whopping 38% of startups fail because they run out of cash to run the business, according to a CBInsights report. This is a warning bell for businesses with inefficient financial management. The longevity and sustainability hinge as much on the proper handling of accounts as they do on consistent revenue.  Yet business owners make unwise financial decisions, especially during the early stages of the company. Entrepreneurs are not to be blamed for this as they face multiple challenges in achieving greater control over business expenses. Startups and small businesses lack the resources an ..read more

FinTech companies in India have been making significant strides in revolutionizing businesses. India is the third largest FinTech market in the world and is projected to score $200 Bn in revenues over the next decade, as per an EY report. These FinTech companies are now an integral part of the economy within the financial services domain with offerings like payment gateways, and unique lending solutions like small-ticket personal loans, and BNPL (buy now, pay later). Established players are gradually moving towards card issuance, asset management, and insurance sectors. Given their scale of op ..read more

Financial technology companies in India have been making a significant impact on businesses across domains. The growth rate of FinTech in the country has been truly an aspiration. As per EY report, FinTech is expected to clock $200 bn in annual revenue by 2030. One of the major drivers of this growth is new-age Indian businesses that are relying on FinTech companies to scale their operations.  Financial technology companies in India have changed the status quo by helping enterprises that are underserved by traditional banking and financial institutions. These solutions have empowered entr ..read more

Most small and medium-sized businesses traditionally use the cash in their bank accounts to handle corporate transactions. This approach forced them to walk a tightrope between managing cash flow and taking care of business expenses. Unlike their larger counterparts, these businesses lacked access to credit lines or funding to keep the lights on without touching the cash reserves. Due to this, their cash flow was always in a precarious situation. However, things changed with the emergence of financial technology.  A FinTech company can facilitate a favorable financial ecosystem for busine ..read more

CFOs are responsible for managing the financial health and strategy of an organization. They need to stay updated on the latest trends, innovations, and best practices in the field of finance. One way to do that is to read books written by experts, leaders, and thinkers who have shaped the world of finance. Reading will help them expand their skill set beyond finance-related topics. CFOs must assume the role of a thought leader in this new digitized age. For this, investing their time in learning new trends, strategies and business models is essential. Although there isn’t a single course that ..read more

For a long time, companies have been managing their account payables and receivables through manual processes involving a lot of paperwork. Although some large organizations relied on enterprise solutions to manage their spending across departments, it was different for small and medium-sized businesses.  You see, these enterprise solutions were expensive and clunky requiring dedicated resources to utilize them effectively. Things changed with the emergence of FinTech companies in India. Among the many disruptions they triggered, spend management is one of the areas that was democratized ..read more

In India, SMEs (small and medium enterprises) are essential contributors to the national GDP. As per NASSCOM, SMEs account for close to 40% of GDP in emerging economies, in addition to about 60% of total employment. Despite its significance in the Indian economy, SMEs are a financially underserved group. The rigid business models of financial institutions have put this seemingly important industry segment at a disadvantage. It has ultimately created a financing gap building roadblocks for growth aspirations of SMEs. However, with the turn of the technological era, things have started to look u ..read more