VCs warm up to savings apps amidst the frenzy for BNPL products
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VCs warm up to savings apps amidst the frenzy for BNPL products

By Joseph Rai

  • 04 Apr 2022
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VCs warm up to savings apps amidst the frenzy for BNPL products
Credit: 123RF.com

Venture capital (VC) firms are starting to back savings apps even as buy now pay later (BNPL) apps are garnering the bulk of their allocations. Mature fintech businesses such as Paytm, MobiKwik, BharatPe, Pine Labs, and ZestMoney have found credit to be a key revenue stream, leading to several BNPL products. ......

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