The financial system in India has changed as a result of the convergence of financial services and information technology. Fin Techs outlines how the financial industry employs technological breakthroughs to improve the quality and convenience of services to customers, has been recognised in the contemporary context as a key component for the financial industry's growth. India's FinTech ecosystem has grown significantly in recent years. The FinTech business in India was valued at $50 billion in 2021 and is projected to reach $150 billion by 2025. There are already over 6,000 FinTech start-ups offering a variety of services in the country. In India, the expected rate of FinTech adoption is 87%, which is significantly higher than the global average of 65.2 percent. From tapping new areas to exploring outside markets, India is developing into a dynamic ecosystem that allows fintech start-ups a platform to grow into billion-dollar unicorns. FinTech is consequently gradually gaining attention from all significant players in India's financial industry. The goal of this paper is to deals with the pillars of the Indian FinTech ecosystem as well as the key enabling technology used by Fin Techs. This study also looks at the challenges to be considered seriously by Fin Techs for future development in India. It also elaborates the concern of regulatory mechanism for FinTech ecosystem in India as well as the current status of the Indian FinTech ecosystem and its fundings. The study concludes that fintech has a significant impact on numerous sectors of the financial system. This business has seen remarkable growth in India over the last few years which has aided the growth of the financial sector that has ultimately boosted the economy. The FinTech sector is predicted to grow at a compound annual growth rate of 22% over the next five years, and India is now the world's third largest FinTech ecosystem, behind the United States and China. FinTech adoption rate of India is the highest in the world (87 percent).