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ARTICLE · 09 MAY 2022

Rise Of Acquisitions In Indian Fintech

Ikigai Law
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This post explores the recent flurry of acquisitions in the Indian fintech industry.

IndiaTechnology
Ikigai Law
Ikigai Law
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This post explores the recent flurry of acquisitions in the Indian fintech industry. It cites examples of major fintech acquisitions and explains the legal and economic rationale behind them.

Investments in the financial services space are picking up pace. Cred, a company known for enabling credit card payments (and quirky ads) entered the prepaid payment instruments (PPI) business (last year) through an acquisition. The Tatas are also keen to enter the payments space via an acquisition. Interestingly, even existing license holders are favouring acquisitions to bolster their offerings. PayU acquired BillDesk in 2021 and Pine Labs acquired Qwikcilver in 2019. PayU has also acquired Paysense – a digital lending platform, and Wibmo – a back-end tech provider to banks. Acquisitions can also be tools to strengthen existing tech capabilities. Neobank Open acquired Finin (a neobank), to improve its tech-stack for digital banking solutions. Some fintech players are using

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