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‘TN needs a fintech-specific policy, enabling environment for driving the sector’ March 10, 2021 × Despite being SaaS capital, Chennai has just 6 per cent of the over 2,200 fintechs firms, Bengaluru has 28 per cent, Mumbai 24 per cent, says Abhishant Pant, The Fintech Yatra founder With over $1 billion in revenue in FY20, Chennai has positioned itself as the Software-as-a-Service (SaaS) capital of India. Also, the city is also standing at a unique position to lead the way for SaaS + Fintech integration due to its native advantage such as low-cost infrastructure, low employee churn and a large under-penetrated financial ecosystem, according to the Fintech Yatra founder Abhishant Pant.

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