If 2018 dawned full of promise for fintechs, 2019 is all about uncertainty. Adjusting to a new reality. One where they can’t bank on the convenience offered by Aadhaar. One where they can no longer count on reams of data from Facebook and Google. And one where they can’t rely on a single source of capital for lending. Come 2019, fintechs will have to rethink their reliance on the underlying infrastructure they took for granted to do business.
2019, a year of sobriety for fintechs
Coming off the high of growth-inducing drugs like Aadhaar, India Stack and FOMO-chasing easy capital, fintechs must now deal with a year of bad headaches
Crippling of Aadhaar, an election year, a new RBI governor, possibility of a global financial crisis, all will come in the way of fintechs’ run
Lending companies, especially those in the series-A stage, are likely to see consolidation
2019 will set the stage for UPI 3.0 while other parts of India stack will need rebuilding
Some fintechs will move from being challengers to incumbents