Mergers and acquisition:

A leading financial solution provider Veefin Solutions purchased a 50% stake in Singapore-based GenAI firm Walnut AI which become the company’s first global acquisition. A private bank-driven firm Bandhan Financial Services bought a global IT company Genisys Group to expand its footprints in international landscape. Next generation payment platform, Toucan Payments acquired nonbanking platform PayNet Systems to incorporate AI technologies in digital lending services. Cutting-edge fintech startup, FinFusion Solutions acquired payment solution firm Ijeeva. Digital lending platform and newly turned unicorn Moneyview purchased fintech startup Jify. Driven by the demand for simplification in financial product and solutions, these merging and acquisitions reflects the evolving consolidation in the fintech landscape.

Ultimately, from redefining payment solutions to launching user-based and personalized platforms, fintech startups of India are enhancing financial inclusion and driving strong digital transformation of the Indian financial system. The unwavering support from investors, venture capitalists and the constant pursuit of innovation by fintech entrepreneurs indicates a promising and dynamic future for India’s fintech startup sector.