SynopsisIndia's fintechs are looking beyond their core businesses as growth normalises and investors seek more predictable revenue. Groww, Paytm, Pine Labs and Kissht are using networks to add products and reduce exposure to low payment monetisation, market cycles and unsecured credit.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, andNow Playing
Listed fintech firms are widening revenue bets as core growth cools - The Economic Times
India's fintechs are looking beyond their core businesses as growth normalises and investors seek more predictable revenue. Groww, Paytm, Pine Labs and Kissht are using networks to add products and reduce exposure to low payment monetisation, market cycles and unsecured credit.
TL;DRAI
India's fintechs—Groww, Paytm, Pine Labs, Kissht—diversify into new products as payment growth cools (Groww: 50% FY25 vs prior 2x+). Maturing fintech markets demand predictable revenue; cross-sell GTM replaces single-product bets amid payment monetisation pressure.
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