This study aims to analyze whether fintech companies have grown and contributed significantly to digital transformation. The study uses quantitative methods, relying on secondary data, with percentage and trend analysis tools. The findings show that the market size of fintech, lending tech, and insurance tech is playing a crucial role in driving digital transformation. Additionally, in recent years, neo-banking has become important in digitizing transactions. Banks and financial institutions (FIs) are partnering with neo-banks to further the goals of Digital India and financial inclusion.