Fate of Fintech’s in 2023

Enterprisetech, Fintech to Remain Investor Favourite in FY24: Inc42 Survey. According to a survey conducted by Inc42 with 50+ active investors in Indian startups, 26% of investors were bullish about enterprisetech and fintech each for FY24. Therefore, more than half of the investors were only bullish for two sectors for the next fiscal year.

SBI report just stated that the use of UPI has bounced 70 times in the last four years. Against this setting, a big question arose this year. Should there be charges on UPI fund transfers? Some in industry believe that it cannot continue forever. Amid all of this, today we ask, did the fintech industry come of age in 2022? And, how will 2023 play out? This podcast brings you the answers.

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By Bloomberg India’s $50 billion fintech industry will face hurdles in the form of tougher regulatory scrutiny and tighter liquidity leading to higher cost of capital for some companies next year, Rakesh Pozhath, partner at consulting firm Bain & Company, said. Investors into the country’s fintech space that has drawn heavyweights from Warren Buffett’s Berkshire Hathaway Inc. to Masayoshi Son’s SoftBank Group Corp., in the past few years, are getting more diligent as global financial conditions tighten. That has intensified the competition for capital, Pozhath said.

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