India's listed fintech gadflies, built on their sheer ability to disrupt traditional financial services, are now lining up at the doorsteps of the very sector regulators they had initially bypassed for licences – and secure their paths to sustainable growth and profits.
PB Fintech, Mobikwik and Paytm – the big boys in the business - are all chasing multiple regulatory licences. Unlisted players are following in their footsteps, choosing to sacrifice their innovative independence for the cushion of regulations to build sustainable revenue streams across payments, lending and wealth management.
