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These are the top Fintech hubs in India — Bangalore, Mumbai leads the race

BI India BureauApr 15, 2019, 09:22 IST

As more millenials are foraying into the workforce with digital and tech skills, India has emerged as a strong Science, Technology, Engineering and Mathematics (STEM) talent pool. India has seen exponential growth in coworking spaces over the last 12 months with the top global workspaces established in India, which has fueled the expansion of Fintech hubs in India.

According to India FinTech Report 2019 by a global innovation platform MEDICI, India is now the world’s second biggest FinTech hub, after the US — with over 2,000 startups nourishing in the zone.

As Maharashtra has become the first state in India that announced FinTech policy, Mumbai has emerged as the leading FinTech hub in India — with Mumbai and Bangalore being a home to nearly 42% startups.

Here are the top FinTech hubs housing most of India’s startups:

Mumbai

Bangalore

Delhi

Gurugram

Hyderabad