MSC conducted a three-phase study to analyze the impact of COVID-19 on the Indian FinTech ecosystem. Our first report assessed the impact of the pandemic and the strategies of FinTechs to adapt to changing market conditions. In contrast, our second report shed light on how the FinTech ecosystem has progressed and adapted to the new normal. Our third and final report comprehensively assessed investor sentiments, policy response, and customer behavior in 2021. It looked into the strategies of FinTechs and developments in the ecosystem to bolster business growth over the second wave of COVID-19.