DECEMBER 20184The traditional financial services have globally undergone a radical transformation that has been brought about by technology and innovation. In 2015, more than 12,000 start-ups sprouted in the finance space across the world with a massive investment of USD 19 billion. The industry is likely to continue its current growth trajectory, with the global Fin-tech software and services sector predicted to touch USD 45 billion by 2020 at a Compound Annual Growth Rate (CAGR) of 7.1 per cent. At this juncture, India has created an ecosystem that provides start-ups with an opportunity to exponentially grow into big businesses. Post demonetization, the impetus finance related startups have gained has placed the Indian finance ecosystem on the global charts. Right from delving into a range of unexplored segments to engaging with foreign markets, startups in the finance are delivering innovation that was previously difficult to achieve. Be it cross-border payments, stock trading, personalized financial data analysis, receiving easy credit for personal expense or getting capital investment for any business, these startups are doing all of it ­ all at zero cost! While startups are redesigning the financial services processes with their high-end technological expertise, incumbent players are also following suit and investing heavily in creating new products of their own. Observing the trend, we have featured a list of `10 Best Startups in Finance' in our current edition. The list features prominent startups that are seen majorly as enablers of change. We also recommend you to read our cover story on Blu Oak Capital, a boutique speciality financial services platform offering a range of services that meet the diverse needs of promoters and their enterprises.Do let us know your thoughts. Nandini MukherjeeManaging EditorStartups catering to the Finance Industry are exploring Massive Growth in Recent Times EDITOR'S NOTEsiliconindia Vol 4 · Issue 5 - 7 · December, 2018 Publisher Alok Chaturvedi Managing Editor Nandini Mukherjee Editorial Team Amit Raja Naik Swagatika Panda Lakshmi G Hridkamal Roy Sales & Marketing Tapas Ranjan Mallick Garima Anand Editorial Queries editor@startupcity.com To subscribe Visit www.siliconindiamagazine.com/subscribe Cover price is ` 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 Mohana Krishnan Vimalraj MSr. Manager Sales & Marketing Amrit Singh
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