$1 Billion Windfall Awaiting India’s BankTech Sector by 2027 End

Cedar-IBSi Capital has estimated a record growth in Indian BankTech sector investments, totaling USD 1 billion by 2027 year-end. The announcement highlights banking technology's transformative role in delivering India's aspiration to reach USD 7 trillion GDP by the year 2030.

 

Sahil Anand, Managing Partner and Founder at Cedar-IBSi Capital, noted the revolutionizing effect of technological developments in banking. With almost 80% of conventional banking operations now being able to be done digitally, upcoming technologies like cloud computing and blockchain are revolutionizing the industry. Such technologies are making scalable infrastructure, secure transactions, and more financial inclusion in underserved areas possible.

 

Cedar-IBSi Capital has already made investments in this sector of potential, and it seeks to support up to 15 early-stage BankTech startups. The fund seeks to build high-performing businesses and drive digital acceleration in the financial environment.

 

Source: Times of India