TheKarnatakaDigital economy Mission (KDEM) in PARTNERSHIP with Indias top financial technology companies has launched afintechtask group under the Leadership of RazorPay founder and CEO Harshil Mathur. The task group will work towards creating a projected roadmap for the Growth of the , identifying the opportunities and challenges faced by the fintech ecosystem, and leveraging the partnering institutions and government to solve for them.B V Naidu, chairman, KDEM said, India has emerged as one of the worlds fastest-growing tech innovation hubs in the world, with fintech leading the charge as the industry has raised close to $10 billion in Investment. Indias Financial Inclusion and digitisation success story has been made possible by the combined efforts of the government as well as tech innovations, fundamentally disrupting the way masses access financial Services.
Taking a cue from this, KDEM launched the first Karnataka Fintech Task group, bringing together industry leaders to further pave the way for future innovations, founders, and citizens to participate in Indias fintech success story.Reports by FICCI and BCG (Boston Consulting Group) suggest that the Indian fintech sector will attain a valuation of $150-$160 billion by 2025. Karnataka is Home to Indias leading fintech companies like Razorpay,Zerodha, Khatabook, and Cred. These companies are tackling issues ranging from digital payments adoption to offering efficient neo-Banking solutions, investment avenues, access to easy credit. Apart from Mathur, the task group comprises Timmanna Gouda of Whatsloan, Miten Sampat of Cred and Nithin Kamath of Zerodha, among others.