Founders and experts believe that fintech startups have an advantage over ecommerce platforms like Meesho, Amazon or Flipkart.
Investors will continue to back those fintech models that are growing fastest. Here,lending tech is more or less a permanent investment focus area
“There will be a possibility that the large fintech platforms may open their network to smaller players who have niche products,” IDfy’s Hariharan
Several EV original equipment manufacturers are tying up with financial institutions to facilitate loans. IPO-bound Ola Electric entered into partnerships with Shriram Finance.
The launch of Jio Financial Services in mid-2023 has already upset the fintech applecart to some extent. However, in 2024, we will see the ‘nascent’ giant flex its muscles.