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The Indian Finance Market: Decoded By Growth-stage Fintech Fund Founder
- The Indian fintech market is experiencing rapid growth, with estimates suggesting it will reach USD 420 billion by 2029 at a CAGR of 31%.
- Sagar Agarwal, a fintech entrepreneur, founded BEAMS Fintech Fund in 2019 to support growth-stage fintech companies in India.
- BEAMS is India's first growth-stage fintech and financial services-focused fund, with Rs 900 crore in Assets Under Management (AUM) by 2024.
- BEAMS has invested in companies like Niyo, Credgenics, Infinity Fincorp, InsuranceDekho, and ProgCap.
- Fintech expert Sagar Agarwal highlights the growth and importance of fintech solutions in India's financial market.
- Fintech solutions in India cover payments, banking, insurance, wealth management, digital lending, and credit.
- Tier II cities in India are rapidly adopting fintech solutions due to the e-commerce boom and rising disposable incomes.
- Embedded finance involves offering financial services products during the delivery of non-financial products or services.
- BEAMS Fintech Fund focuses on financial inclusion, with investments in companies like Niyo and ProgCap that cater to diverse financial needs.
- Challenges in financial solutions for Tier II and III cities include lack of financial awareness, credit history issues, and high cost of capital.
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