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Over 70% experts doubt fintechs' profitability in next 2-3 years yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Funding for Indian fintechs is recovering faster than the rest of the world with a 30% increase in the first half than last year s second half, but it still remains lesser than the corresponding half last year, it said. ....
The report ‘State of the Fintech Union 2023, also highlighted that as the industry matures, the industry is looking at ‘meaningful scale and closely tracking profits as a metric. It further added that product expansion, apart from profitability, was the top focus area for fintech executives. ....
With the race for customer acquisition, and surging funding over the last 5 years, profitability and compliance have been an afterthought for many players. ....