Which FinTechs will become India’s next Unicorn? Here is the list of 17 Soonicorns

FinTechs are rising in India from Minicorns to Soonicorns to Unicorns. India has a total of 26 Unicorn startups out of which six are the FinTechs. While experts and investors believe that this number will increase, Praxis Global Alliance has prepared an exclusive list of 17 Soonicorn in the FinTech space. Soonicorn term is used for those startups which have the potential to become Unicorn. Unicorn is a startup with a value of $1 billion.

PayMate, Digit Insurance, Mswipe, BharatPe, CRED are the top five Soonicorn FinTechs in the list prepared by PGA Labs. What is also interesting is that the FinTechs are now exploring all the segments and not just payment or credit. The Soonicorn list also includes InsureTech as the diversity is increasing in the FinTech space.