# India’s fintech industry is projected to grow nearly 10x in revenue to $180-200 billion by 2030 from $20 billion in 2023.

*fintech · news · 2026-04-22 · Livemint*

## Key points

- The fintech company has begun IPO preparation internally by formalizing its finance function.
- International business now makes up 60% of the company's revenue, up from 40% in FY26.
- India's fintech industry revenue is projected to reach $180-200 billion by 2030, per EY.
- The company's last valuation exceeded $750 million in a $100 million round led by Helios.
- The company ended its investment-heavy phase and expects to be profitable from FY27's first quarter.

**Companies:** Mitsubishi UFJ Financial Group Inc (MUFG)
**Countries:** India

[Read the full story on Livemint](https://www.livemint.com/companies/start-ups/m2p-fintech-vivek-seshadri-madhusudanan-r-ipo-plans-fintech-ipo-banking-as-a-service-international-expansion-heli-11776828256532.html)

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