Needless to say, that the Indian Fintech ecosystem has evolved substantially within a very short span. According to Nithin Kamath, Founder and CEO, Zerodha, “Demonetisation was a tipping point for the fintech industry, while the payment stack – UPI and BHIM gave a terrific boost to it.” Fintechs in India are spread evenly (21per cent-27per cent) across ideation, prototype, early revenue and business expansion stages. While many equate fintech to digital payments, the sector has evolved considerably with domains like digital wealth management, lending and robotics process automation gaining traction. “What is encouraging is that fintechs are picking up specific use cases. For example, within the payments space, there is an offering for big players, for small players, e-ticketing and retail. Similarly, in the lending space there are players that might cater to specific segments or needs. The approach of identifying particular pain points and then building custom solutions to alleviate those, is a winning strategy for finetch companies”, believes Sandeep Jethwani, Managing Partner, Head of Advisory, IIFL Wealth.