News Update

The Largest Fintech In India, Paytm Readying For IPO, Expected To Launch Over The Next Few Months.


The largest fintech in India, Paytm is readyig for IPO, expected to launch over the next few months. Vijay Shekhar Sharma, Founder and CEO, Paytm said, “We stand for payments. But an independent payments business is an orphan business, without a marketplace to anchor it. It’s like the symbiotic relationship between a rocket (payments) and a launcher (marketplace). Our marketplace allows us to build relationships with merchants… We went to all the existing marketplaces to deploy our wallet. Seeing their disinterest, we decided we had to take a call to build our marketplace ourselves.” Paytm readying for IPO is the next futuristic step taken by them.

Right now, Paytm generates around $20 million in annual revenue from financial services (against $400 million from payments and $80 million from e-commerce) but its goal is to grow that over time. Paytm has always been diving deeper into the market flexibly meeting the current needs of the market. During its journey paytm has seen funding from Ant Group, Softbank and Warren Buffett but its most recent development, that of Paytm is readying itself for IPO.

The full-scale financial institution super-app, Paytm’s success depends on it retaining the flexibility that has enabled it to pivot all the way to Paytm readying for IPO. More detail on each of these product lines including credits, funds,gold and insurance  will come with the IPO filings.

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