MARCH 20184Given India's sheer size of population and scattered geography, digital payments have grown quickly and this is mostly due to the rapid growth in smartphone and e-commerce penetration. A country where cash had usually been the go to mode of transactions, a digital world of financial services have found a place to thrive. One of the major contributing factors to this is the emergence of finance start-ups that are changing the way payments are processed, loans are sanctioned and personal finance decisions are made. The financial services industry has traditionally maintained high barriers of entry to new players, both in the B2B and B2C segments, caused in part by its conservative business sense. However, as the sector enters a technological revolution, a shift in the mindset of the ecosystem at large is witnessed. India's growth wave may still not be of the scale when viewed against its global counterparts, but it is stacked well, largely due to a strong talent pipeline of easy-to-hire and inexpensive tech workforce. Start-ups are more interested in supplementing the offerings of existing institutions through plug-and-play solutions that dramatically improve the user experience, both internally and externally. Similarly, institutions have become more open to exploring new ways of engaging with start-ups, beyond the typical acquisition or replication strategies. From wallets to lending to insurance, the services of finance services start-ups have redefined the way in which businesses and consumers carry out routine transactions. The increasing adoption of these trends is positioning India as an attractive market worldwide.In our latest edition, we have listed down "10 Best Start-ups in Financial Services". From bank transfers, to payments, to loans, each of the financial functions are taken care by these start-ups. That start-ups are tapping into this potential is evident from their success stories!Running a business is a tough work. However, any entrepreneur has to tell that the rewards far outweigh the challenges. Overcoming those challenges takes time, patience and guidance, especially when it comes to finances. Nandini MukherjeeManaging EditorFinance Start-ups are Creating a Collaborative Network EDITOR'S NOTE Vol 3 · Issue 9 - 1 · March, 2018 Publisher Alok Chaturvedi Managing Editor Nandini Mukherjee Editorial Team Amit Raja Naik Lakshmi G Pooja Devi Shefali Mathur Tashi Sangmo Prisila Deepshikha Singh Sales & Marketing Ashu Sethi Garima Anand Editorial Queries editor@startupcity.com To subscribe Visit www.startupcity.com/subscribe Cover price is Rs. 150 per issue.Printed and Published By Alok Chaturvedi on behalf of Siliconmedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2018 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.sales@startupcity.comGroup Art Director Ashok KumarCirculation Manager Magendran PerumalVisualisers Vimalraj M SuanyaSr. Manager Sales & Marketing Amrit Singhsiliconindiasiliconindia
< Page 3 | Page 5 >