Jefferies says Indian fintech entered a profitability phase in FY25
India’s fintech sector moved into a profitability phase in FY25, according to Jefferies, as firms prioritised monetisation, revenue growth, operating efficiency and more sustainable business models.
Jefferies says India’s fintech sector entered a profitability phase in FY25, driven by revenue growth and a strategic shift toward monetisation, operational efficiency and sustainable business models.
Why this matters
The profitability shift follows India placing third globally with 27 fintechs in CNBC-Statista’s 2026 list, linking sector scale with a greater focus on sustainable economics.
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