Fintechs widen revenue bets as core growth cools
After years of rapid expansion, India’s listed fintechs are utilising their networks to sell more products and reduce exposure to low payment monetisation, market cycles
After years of rapid expansion, India’s listed fintechs are utilising their networks to sell more products and reduce exposure to low payment monetisation, market cycles and unsecured credit and pushing capital allocation for newer businesses as core growth normalises and investors seek more predictable revenue at Groww, Paytm, Pine Labs and Kissht.Groww’s operating revenue growth slowed after more-than-doubling in FY24 to about 50% in FY25, and
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