The early part of 2020 has been a nightmare for India. The rising cases of COVID-19, countrywide lockdowns, and fear of contracting the virus have taken a toll on the physical, mental, and economic well-being of the people. Until the COVID-19 struck, the Indian FinTech industry was growing rapidly. It was rolling out the products and services based on gaps in the existing financial services and attracted private capital at an unprecedented pace. In this report, we will assess the impact of the COVID-19 pandemic on the FinTech ecosystem of India.