You know the drill. I find the smartest, edgiest, and hopefully sexiest people I know who have the characteristics of entrepreneurship to contribute advice to The Chancebending Network. Today we’re talking Fintech India with Nikhil Borkar from Early stage Stealth Startup.
Nikhil talks about Fintech India and how it’s trending in Fintech
“In the technology adoption lifecycle curve, I see 2019 to be the year of the early majority adopting Fintech solutions; especially Investment platforms (Robo advisory, trading and mutual fund etc).
As the urban population in the Indian subcontinent gets more financially literate, they’re starting to understand the value of investing and holding a diversified portfolio.
With the deluge of low interest rate enabled capital making it’s way in the Emerging markets, currently, the passive index linked investment strategy is working great for the majority of the retail investors. In India alone, wealth is compounding at 12-14%.
However, with the deepening corporate credit crisis in India, and the fragile geopolitical balance in the region, such passive strategies might not work for much longer.
Platforms offering both active and passive management options would experience a greater demand.
Currently, 70% of the Fintech industry in India is dominated by lending firms. The Indian government has undertaken a massive exercise in improving financial inclusivity and access to financial institutions to the mostly unorganized rural economy.
Asset and investment management is the next logical step in the path of becoming a developed financial economy. The bottom line? They’re coming. Be there.”
A little about Nikhil
Nikhil Borkar is a polymath with a background in Quantitative Finance, Securities Law and Machine Learning. He has previously worked with MSCI on their financial analytics products.
He has advised Edtech startups on their user onboarding strategy and worked Pro bono as a Technical Reviewer for books on Data Visualization, Artificial Intelligence and Robotics.
Chancebending is all about entrepreneurs like Nikhil
When we started The Chancebending Network, we had people like Nikhil in mind. Whether it’s in Fintech or any startup, our goal is to connect entrepreneurs with the right information when they need it. We’re doing this with online coaching, access to a community of professional entrepreneurs, and business advice.
To learn more about our entrepreneurship community, check out the Chancebending Network now.