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India's fintech companies that have been listed in CNBC's top 200 global fintech companies include Enkash, MobiKwik, Money Club, Paytm, PhonePe, and Property Share. 

India's fintech companies that have been listed in CNBC's top 200 global fintech companies include Enkash, MobiKwik, Money Club, Paytm, PhonePe, and Property Share. 

India ranks 3rd with most fintech firms in world. Paytm, PhonePe, MobiKwik among top 200 unicorns in 2023

November 1, 2023
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Financial Technology (fintech) unicorns in India are on a rise so much so that the nation has been ranked third among the countries with most fintech firms in the world in 2023. CNBC in partnership with Statista, launched a list of World’s top fintechs in August 2023. As per the report, the United States (US) topped the list with 134 fintech unicorns, followed by the United Kingdom with 27 and India with 17 fintech unicorns.

According to the analysis done by CNBC, using additional data provided by Statista, the US is also the home to the most valuable fintech companies, followed by China. “The U.S. produces the most value in terms of fintech, with eight of the top 15 highest-valued financial technology companies in the world worth a combined $1.2 trillion based stateside. Visa and Mastercard are the two biggest fintech firms by market value, with a collective market capitalization of $800.7 billion,” report said. China’s financial technology giants are worth a combined $338.92 billion in total market capitalization.

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Some of India’s fintech companies that have been listed in CNBC’s top 200 global fintech companies include Enkash, MobiKwik, Money Club, Paytm, PhonePe, and Property Share. 

Enkash: It is a unified business payments platform amplifying savings with the help of technology, transparency, and trust. With a focus on business cash flow management, the company intends to help businesses avoid unnecessary spending.

MobiKwik: It is one of the largest mobile wallets and Buy Now Pay Later (BNPL) players in India. The company is focused on addressing the unmet credit needs of the fast growing digitally paying users.

Money Club: The company believes in moving the power of banking into the hands of the consumers. It is creating a mobile app enabling people to form closed and trusted clubs within which they can save, invest and borrow money. 

Paytm: Paytm is one of India’s leading mobile payments and financial services distribution companies. Pioneer of the mobile QR payments revolution in India, the company builds technologies that help small businesses with payments and commerce. The company has also recently released its Q2 FY24 result registering a growth of 32% YoY in its revenue to ₹2,519 crore. While the EBITDA before ESOP cost almost doubled to ₹153 Cr as compared with ₹84 Cr in Q1FY24 (excluding UPI incentives).

PhonePe: It is also a mobile payments company offering easy and quick payment solutions to the users.

Property Share: It is a tech platform that provides its users access to institutional grade commercial real estate with property management and liquidity through resale.

According to the list, the U.S. was home to 65 of the top fintech companies while the U.K. had 15 of the top 200 fintech names globally.

“In the U.S., some of the top global fintech companies on Statista’s list include names like Stripe, PayPal and Intuit. These are all companies with significant shares in their respective markets and hallmark products used by thousands, if not millions, of businesses both big and small,” the report said.

Tags: Buy now pay laterEnkashFintechMobiKwikMoney ClubpaytmPhonePeUPIUPI LITE X

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