Tech Mahindra is a big company. It helps other companies grow with technology. It gives many digital services. It works in more than 90 countries. It has more than 150,000 workers. It has over 1100 customers around the world. It helps with many things. It makes software. It helps with cloud services. It works with data. It uses AI (Artificial Intelligence). It gives 5G services. It also protects systems from online danger (cybersecurity). It gives BPO services too. It works with many industries. It helps banks, hospitals, mobile companies, factories, and shops. It helps these companies grow fast. It gives smart and new ideas. It helps them get ready for the future. Tech Mahindra wants to make the world better. It wants people, companies, and society to grow together. It wants a world that is fair and full of good chances. Tech Mahindra is part of the Mahindra Group. The Mahindra Group started in 1945. It is one of the biggest groups in India. It has 260,000 workers. It works in over 100 countries. The Mahindra Group makes tractors and cars. It is the biggest tractor company in the world. It also works in farming, clean energy, money services, IT, transport, hotels, and houses. Mahindra Group and Tech Mahindra care about people and the planet. They want to do good things for nature and society. They follow ESG rules. This means they care for the Environment, Social good, and strong Governance. They want to help everyone grow. They want people and companies to Rrise and do well.
Latest Stock News:
Tech Mahindra’s stock has been going up and down. On April 1, 2025, it went down by 1.68%, closing at ₹1,394.20. But it did better than the market, which went down by 1.80%. On April 2, the stock went up by 2.11%, closing at ₹1,423.65. It did better than other companies on that day. On April 3, the stock went down by 3.79%, closing at ₹1,369.65. It did worse than the market that day. Now, on April 4, it is trading at ₹1,326.00. The company will have a meeting on April 23-24, 2025, to talk about its results for the last three months of the year. The company might also give a second dividend. This news could change the stock price. Investors are waiting for this news to decide what to do next with the stock.
Potentials:
Tech Mahindra has big plans for the future. They want to grow a lot by 2027. They aim to earn more money than other IT companies. They will focus on big industries like banking, healthcare, telecom, and manufacturing. These industries have a lot of potential. The company also wants to increase its profits. They plan to save $250 million every year by reducing costs. This saved money will be used to invest in new technologies. Technologies like Artificial Intelligence (AI) and automation will help them work better and faster. Tech Mahindra also plans to hire more skilled workers. They will train their employees to have the right skills. The company wants to keep customers happy by offering better services. With these goals, Tech Mahindra hopes to be a stronger and more successful company by 2027.
Analyst Insights:
Market capitalisation: ₹ 1,29,492 Cr.
Current Price: ₹ 1,323
52-Week High/Low: ₹ 1,808 / 1,163
P/E Ratio: 34.6
Dividend Yield: 2.84%
Return on Capital Employed (ROCE): 11.9%
Return on Equity (ROE): 8.63%
Tech Mahindra is a strong company with good financial results. It made a huge profit increase of 92.63% in the last quarter, which shows it is doing well. The company has a Return on Equity (ROE) of 8.63% and Return on Capital Employed (ROCE) of 11.9%. These numbers tell us that the company is using its money smartly to make profits.
One of the best things about Tech Mahindra is that it has very little debt. This is good because it means the company does not owe much money and can manage its finances better.
Even though the sales growth has been slow (8.4%) over the last five years, the company is working in areas that are growing fast, like cloud computing, AI, and digital services. This means the company has a good chance of growing in the future.
Tech Mahindra also pays a dividend of 2.84%, which is attractive for investors who want regular income from their investment. However, its P/E ratio is 34.6, which is a bit high, meaning the stock might be expensive compared to other similar companies.
In short, even though the stock may seem pricey, the company’s strong results and future growth plans make it a good option for investors looking to hold the stock long term.
Vodafone Group Plc is a multinational telecom firm based in the United Kingdom. Its global headquarters and registered office are located in Newbury, Berkshire, England. It predominantly operates services in Asia, Africa, Europe, and Oceania. As of January 2025, Vodafone owns and operates networks in 15 countries, with partner networks in 46 further countries. Its Vodafone Global Enterprise division provides telecommunications and IT services to corporate clients in 150 countries. Vodafone has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. The company has a secondary listing on the NASDAQ as American depositary receipts (ADRs).
Vodafone India is the Indian subsidiary of the UK-based Vodafone Group. It provides telecommunications services in India and has its operational head office in Mumbai. The Vodafone Idea network has approximately 375 million subscribers and is the third-largest mobile telecommunications network in India.
Currently, India is the world’s second-largest telecommunications market, with a total telephone subscriber base standing at 1,203.69 million and having registered strong growth in the last decade. The Indian mobile economy is growing rapidly and will contribute to India’s Gross Domestic Product (GDP), according to a report prepared by the GSM Association (GSMA) in collaboration with Boston Consulting Group (BCG). Vodafone Idea is one of the dominant players in the market with 18.19% market share.
Latest Stock News:
Telecom giant Vodafone Idea’s consolidated net loss narrowed to ₹6,609 crore in the quarter ended December 2024, down from ₹6,986 crore in the same period last year. The company’s revenue from operations for Q3FY25 stood at ₹11,117 crore, reflecting a 4% rise Vodafone Idea reported a reduction in its consolidated net loss for the December quarter to₹6,609 crore, compared to ₹6,986 crore in the same period last year.
Average revenue per user (ARPU), a key metric for all telecoms, has increased sequentially by 4.7% to₹173 in Q3 FY25, compared to₹166 in the September quarter.
Segmental information:
Vodafone operates in several business segments, primarily categorized into:
1. Consumer Segment: It provides mobile and fixed-line telecommunications services to individual customers. It also offers broadband, TV, and digital services.
2. Vodafone Business (enterprise segment): Vodafone serves corporate clients, small businesses, and public-sector organizations. It also offers connectivity services (mobile, fixed, IoT, 5G), cloud and security solutions, unified communications, and managed services. Multinational corporations, SMEs, and IoT services are the major revenue contributors.
3. Vodafone Towers (Vantage Towers): Vodafone’s tower infrastructure in Europe is managed by Vantage Towers. It also focuses on leasing tower space to other telecom operators.
4. Financial & Digital Services: This includes M-Pesa (an African-based mobile money service), digital payments, insurance, and fintech solutions.
Subsidiaries:
Vodafone Idea Telecom Infrastructure Limited (VITIL): It provides passive infrastructure services, including renting out fiber networks to telecommunication service providers.
Vodafone Idea Business Services Limited (VIBSL): It acts as an outsourcing hub for backend IT support, data center operations, and hosting services for the company and its subsidiaries. Also holds an Other Service Provider (OSP) license.
You Broadband India Limited (YBIL): provides high-speed broadband internet access through cable networks.
Vodafone Idea Communication Systems Limited (VICSL) : It trades mobile handsets, data cards, and related accessories and services.
Vodafone Idea Shared Services Limited (VISSL): It functions as an outsourcing hub for finance and accounts, human resources, supply chain management, credit and collection support, customer support, and IT needs for data consolidation and backend support for the company and its subsidiaries.
Vodafone Idea Technology Solutions Limited (VITSL): It provides technology, software, hardware, value-added services (VAS), application software, content, and related products and services. It also offers data center-related services and IT solutions, including e-SIMs.
Vodafone Idea Manpower Services Limited (VIMSL): It provides manpower services to the company.
Vodafone Foundation (VF): A Section 8 company under the Companies Act, 2013, serving as an implementing agency for corporate social responsibility (CSR) activities for the company, its subsidiaries, associates, joint ventures, and promoter group companies.
Joint Venture:
FireFly Networks Limited: A joint venture with Bharti Airtel, focusing on deploying Wi-Fi solutions for businesses, smart cities, and retail spaces.
Associate Company:
Aditya Birla Idea Payments Bank Limited: A payments bank offering digital banking services such as mobile wallets, savings accounts, and online transactions. Operations have been discontinued due to regulatory and business challenges.
Q3 Highlights:
Net Loss down to ₹6,609.3 crore versus loss of ₹7,175.9 crore, QoQ
Revenue up 1.7% at ₹11,117.3 crore versus ₹10,932.2 crore, QoQ
Average Revenue Per User (ARPU) up at ₹173 versus ₹166, QoQ
EBITDA up 3.6% at ₹4,712.4 crore versus ₹4,549.8 crore, QoQ
Margin at 42.4% versus 41.6%, QoQ
Vodafone Idea net loss narrows to ₹6,609 crore, revenue rises 4% YoY; ARPU up at ₹173
Bharti Airtel Ltd. is one of India’s leading telecommunications service providers, with a robust presence in over 18 countries across South Asia and Africa. Established in 1995, the company has evolved into a diversified telecom player offering services that include mobile voice and data, broadband, fixed-line services, enterprise solutions, digital television, and financial services. Airtel has been at the forefront of India’s digital transformation, playing a pivotal role in expanding high-speed internet connectivity across urban and rural markets. The company operates one of the largest 4G and 5G networks in India, ensuring seamless connectivity for millions of users. Airtel’s business model is driven by a strong customer-first approach, supported by continuous investments in network expansion, digital innovations, and content partnerships. With a subscriber base of over 500 million, Airtel remains a formidable competitor in India’s telecom landscape. The Indian telecommunications industry is undergoing a rapid transformation, driven by technological advancements, increasing smartphone penetration, and the growing demand for high-speed data services. India has emerged as one of the world’s largest and fastest-growing telecom markets, with over 1.2 billion mobile subscribers and significant investments in next-generation technologies. The introduction of 5G services is set to redefine the telecom landscape, with Airtel leading the way in deployment. The government’s push for Digital India, coupled with initiatives like BharatNet, aims to improve broadband connectivity in rural areas, creating new opportunities for telecom operators.
Latest Stock News
As of December 31, 2024, the overall customer base stood at approximately 577 million across 15 countries, reflecting a year-on-year (YoY) growth of 4.7% compared to 551 million in the corresponding quarter last year. The company’s consolidated mobile data traffic surged by 24.2%, reaching 20,689 petabytes (PBs) during the quarter, compared to 16,656 PBs in the previous year. Total minutes of usage on the network grew by 6.8% to 1,385 billion, up from 1,297 billion in the same quarter last year. The smartphone customer base expanded to 270.2 million, recording an increase of 6.5 million quarter-on-quarter (QoQ) and 25.2 million YoY. The company’s capital expenditure for the quarter amounted to ₹91,608 million. In the Digital TV Services segment, the average revenue per user (ARPU) for the quarter stood at ₹160, slightly higher than ₹158 in the previous quarter, with net customer additions of 29,000. The Homes segment continued its expansion, with operations spanning 1,427 cities (including Local Cable Operators), witnessing a robust revenue growth of 18.7% YoY. Net customer additions in this segment totalled approximately 674,000 during the quarter, bringing the overall customer base to 9.2 million.
Business Segments
Mobile Services (India & South Asia):Airtel is the second-largest telecom operator in India, offering 2G, 4G, and 5G services to millions of customers. The company has a strong focus on ARPU (Average Revenue Per User) growth, driven by premiumization strategies such as higher 4G and 5G adoption, post-paid plan expansion, and bundled content services. Airtel’s “Airtel Black” strategy, which provides bundled mobile, broadband, and DTH services, has seen strong traction.
Airtel Business (Enterprise Solutions): Airtel Business is one of India’s largest B2B telecom service providers, catering to corporates, government institutions, and small businesses. The segment offers cloud computing, cybersecurity, data center solutions, IoT connectivity, and managed services. Airtel has partnered with global technology firms like Google Cloud, AWS (Amazon Web Services), and Cisco to strengthen its enterprise offerings.
Home Broadband & DTH Services:Airtel’s broadband segment has grown significantly under Airtel Xstream Fiber, offering high-speed fiber-optic internet across 1,200+ cities in India. The company has aggressively expanded its fiber network, targeting 40 million homes by 2025. With a focus on Wi-Fi 6 routers, mesh networking, and OTT content bundles, Airtel is enhancing user experience and driving customer retention. The DTH (Direct-to-Home) segment, offered through Airtel Digital TV, provides digital television services to millions of Indian households.
Payments & Financial Services: Airtel operates Airtel Payments Bank, India’s first payments bank, which provides financial inclusion solutions such as digital wallets, UPI transactions, and micro-loans. The bank has witnessed strong growth, driven by an increasing number of digital transactions and rural banking initiatives. Airtel has also partnered with financial institutions to offer insurance, credit, and investment products through its digital platform.
Subsidiary Information
Airtel Africa:Airtel Africa is a major player in the African telecom market, operating in 14 countries, including Nigeria, Kenya, Uganda, and Tanzania. The subsidiary offers mobile voice, data, and financial services, catering to over 140 million customers. The company has been expanding mobile money services under Airtel Money, driving financial inclusion in underserved regions.
Nxtra by Airtel:Nxtra by Airtel is the company’s data center subsidiary, providing cloud computing and colocation services. As India’s demand for data storage, AI-driven analytics, and cybersecurity solutions increases, Nxtra is expanding its green data centers across multiple locations. Airtel has committed significant investments in energy-efficient and AI-powered infrastructure, ensuring compliance with global data security standards.
Airtel Payments Bank:Airtel Payments Bank operates as a financial inclusion initiative, offering digital wallets, micro-insurance, and payment solutions. The bank has a vast rural and urban customer base, benefiting from Airtel’s extensive network coverage. The increasing shift towards cashless transactions and government-backed financial inclusion programs makes Airtel Payments Bank a high-potential subsidiary.
Q3 FY25 Earnings
Revenue of ₹45129 crore in Q3 FY25 up by 19.08% YoY from ₹37900 crore in Q3 FY24.
EBITDA of ₹24597 crore in this quarter at a margin of 54% compared to 52% in Q3 FY24.
Profit of ₹16135 crore in this quarter compared to a ₹2876 crore profit in Q3 FY24.
MobiKwik, one of India’s leading digital payment service providers and BNPL (Buy Now Pay Later) platforms, is set to launch its much-anticipated Initial Public Offering (IPO). This IPO marks a significant milestone for the fintech giant as it seeks to expand its operations and strengthen its position in the rapidly growing digital payment ecosystem. The MobiKwik IPO, a much-anticipated book-built issue worth ₹572 crore, comprises a fresh issue of 2.05 crore shares. The subscription period runs from December 11, 2024, to December 13, 2024, with the share allotment expected on December 16, 2024, and the listing date tentatively set for December 18, 2024, on the BSE and NSE. The price band for the IPO is set at ₹265 to ₹279 per share, with a minimum lot size of 53 shares, requiring retail investors to invest at least ₹14,787. For small Non-Institutional Investors (sNII), the minimum investment is 14 lots (742 shares), totalling ₹2,07,018, while big Non-Institutional Investors (bNII) need 68 lots (3,604 shares), amounting to ₹10,05,516.
IPO Subscription Period
The MobiKwik IPO is scheduled to open for subscription on December 11, 2024, and will close on December 13, 2024. The share allotment is expected to be finalized by December 16, 2024, with the tentative listing date set for December 18, 2024, on both the BSE and NSE.
Pricing and Lot Details
The MobiKwik IPO offers investors an opportunity to participate in the growth of one of India’s leading fintech companies. Key details are as follows:
Price Band: ₹ ₹265 to ₹279 per share. The lower end of the price band is ₹265, while the upper cap is ₹279.
Lot Size: Investors must purchase a minimum of 53 shares, amounting to approximately ₹14,787 for retail investors at the upper price band.
Issue Size: The IPO aims to raise ₹572 crore, comprising a fresh issue of 2.05 crore shares.
Face Value: ₹2 per equity share. The face value represents the nominal value, with the IPO price reflecting a premium based on the company’s valuation and market demand.
The MobiKwik IPO follows a structured bidding system designed to cater to various investor categories, including retail investors and high-net-worth individuals (HNIs). Below is a breakdown of investment requirements:
Application
Lots
Shares
Amount (Rs.)
Retail (Min)
1
53
14,787
Retail (Max)
13
689
1,92,231
Small HNI (Min)
14
742
2,07,018
Small HNI (Max)
67
3,551
9,90,729
Large HNI (Min)
68
3,604
10,05,516
Reservation Structure
The MobiKwik IPO has a structured reservation system to ensure participation from various investor categories:
Qualified Institutional Buyers (QIBs): 75% of the total issue is reserved for QIBs. This includes mutual funds, foreign institutional investors, banks, and other large financial institutions.
Non-Institutional Investors (NIIs): 15% of the issue is allocated to NIIs, including high-net-worth individuals (HNIs) who bid for larger lot sizes. Small HNIs (sNIIs): Minimum 14 lots (742 shares). Large HNIs (lNIIs): Minimum 68 lots (3,604 shares).
Retail Investors: 10% of the issue is reserved for retail investors, with a minimum lot size of 53 shares, requiring an investment of ₹14,787 at the upper price band.
Key Dates & Timelines
MobiKwik IPO Timeline (December 2024)
IPO Open Date: Wednesday, December 11, 2024
IPO Close Date: Friday, December 13, 2024
Basis of Allotment: Monday, December 16, 2024
Initiation of Refunds: Tuesday, December 17, 2024
Credit of Shares to Demat Accounts: Tuesday, December 17, 2024
Listing Date on BSE and NSE: Wednesday, December 18, 2024
Book Running Lead Managers
The MobiKwik IPO is being managed by the following Book Running Lead Managers (BRLMs):
SBI Capital Markets Limited
DAM Capital Advisors Limited
The registrar for the IPO is Link Intime India Private Ltd, which is responsible for processing applications and managing the allotment process.
Promoters Information
Here is the promoter and key management information for the Mobikwik Systems Limited IPO:
Bipin Preet Singh: Co-founder, Managing Director, and CEO One Mobikwik Systems Limited. He is a visionary entrepreneur and one of the founding pillars of MobiKwik. With a degree in engineering from the Indian Institute of Technology (IIT) Delhi, Bipin has over two decades of experience in technology and innovation. He conceptualized MobiKwik in 2009 with a vision to create a cashless economy in India. Under his leadership, MobiKwik has emerged as a leading digital payment service provider, catering to over 161 million users and 4.26 million merchants as of June 2024. Bipin continues to steer the company’s strategic direction, focusing on innovation and customer-centric solutions.
Upasana Taku: Co-founder, Chairperson, and COO, Upasana Taku co-founded MobiKwik alongside Bipin Preet Singh. She holds a Master’s degree in Management Science and Engineering from Stanford University. With expertise in payments and financial technology, she has been instrumental in building MobiKwik’s operational frameworks, user acquisition strategies, and business scalability. Upasana is also recognized as one of India’s top women entrepreneurs and has driven key initiatives such as MobiKwik ZIP and other financial products. Her focus remains on enhancing operational efficiency and creating innovative credit products.
Koshur Family Trust: Promoter Entity, his trust is an institutional promoter holding a significant stake in the company. The trust ensures compliance and governance while supporting the long-term growth vision of MobiKwik.
Narinder Singh Family Trust: Promoter Entity, Like the Koshur Family Trust, this entity contributes to the company’s governance structure and provides backing for MobiKwik’s strategic initiatives.
About One Mobikwik Systems Ltd.
One Mobikwik Systems Limited is a leading fintech company founded in March 2008, with a mission to drive financial inclusion for underserved populations in India. The company offers a wide range of digital wallets, payment solutions, and financial services. As of June 30, 2024, Mobikwik boasts 161.03 million registered users and 4.26 million merchants, enabling seamless transactions both online and offline. The Mobikwik app offers users a variety of payment methods, such as UPI, Mobikwik Wallet, and co-branded credit cards. Consumers can pay utility bills, shop at e-commerce platforms, purchase goods at retail outlets, and transfer money. A standout feature, Pocket UPI, allows users to make payments without linking a bank account, offering greater flexibility and ease of use.
Mobikwik has diversified its offerings to include credit products like MobiKwik ZIP, a pay-later service with a 30-day interest-free credit line, and ZIP EMI, which provides installment-based personal loans. Additionally, the platform provides investment products such as mutual funds, digital gold, fixed deposits, and peer-to-peer lending, enhancing its financial services portfolio. Advanced features like Lens, which offers personalized financial insights, further enrich the user experience.For merchants, Mobikwik offers digital payment acceptance tools, including POS devices and soundboxes, helping businesses across Tier 2+ cities, small retailers, and large chains accept payments more efficiently. This fosters financial inclusion and supports the digital economy’s growth by catering to diverse merchant needs.With its platform-based approach, Mobikwik is empowering millions of users and merchants, driving digital payments and financial inclusion in India
MobiKwik’s key strengths include its efficient customer acquisition model, with a low cost of ₹32.87 per user, driving substantial growth in its customer base without significant marketing expenditures. The platform also benefits from high repeat usage, with 90.30% of users returning to its MobiKwik ZIP pay-later service, demonstrating strong consumer trust. Furthermore, MobiKwik has seen robust growth in its wealth management services, evidenced by its ₹18,348M AUM in its Xtra product. The company’s use of AI-driven insights to provide personalized financial guidance enhances the user experience, while its strong brand recognition in digital payments ensures high engagement and steady daily activity. Its scalable technology platform further enables seamless transactions and ensures high system availability, supporting its large user base and operational efficiency.
However, MobiKwik also faces several risks. Regulatory oversight by the RBI could impact its operations, as fintech companies are subject to evolving regulations. Additionally, any changes in how the net proceeds from its IPO are used could affect the company’s ability to meet its revenue expectations. Security breaches remain a significant concern, as such incidents could severely damage its reputation and financial performance. The growth in its financial services segment may not match historical trends, which could limit its ability to scale. Losing key consumer or partner networks poses another risk, potentially affecting its revenue and future prospects. Lastly, intense competition in the fintech industry from larger players like Paytm and PhonePe presents a constant challenge to MobiKwik’s market position.
These strengths and risks collectively shape MobiKwik’s strategic outlook in the competitive fintech market.
Financial Highlights
Particulars
FY24
FY23
FY22
Revenue from Operation (in ₹ million)
8750.03
5394.67
5265.65
Profit/Loss After Tax (PAT) (in ₹ million)
140.79
-838.14
-1281.62
Net Worth (in ₹ million)
1625.89
1426.94
2165.42
Earnings per share in ₹
2.46
-14.66
-23.04
EBITDA (in ₹ million)
372.2
-559.2
-1154.06
Total Borrowings (in ₹ million)
2116.99
1922.73
1509.14
Return on Net Worth (RoNW) (%)
8.66
-58.74
-59.19
IPO Objectives
The objective of MobiKwik’s Initial Public Offering (IPO) is to raise capital to fund its growth and expansion plans. The company intends to use the proceeds to enhance its product offerings, strengthen its technology infrastructure, and invest in customer acquisition to attract more users and merchants. Additionally, a portion of the funds will be utilized to repay or prepay certain borrowings, reducing its debt and improving financial stability. The IPO also aims to support general corporate purposes, including administrative costs and strategic investments. By going public, Mobikwik seeks to enhance its brand visibility, provide liquidity for existing shareholders, and establish access to public markets for future fundraising. These objectives align with the company’s vision of scaling its digital payments and financial services ecosystem in India’s rapidly growing fintech market.
Subscription Status
Investor Category
Subscription (Times)
Retail Individual Investors (RIIs)
134.67
Non-Institutional Investors (NIIs)
108.95
Qualified Institutional Buyers (QIBs)
119.5
Employees
Data not specified
Overall
119.38
Conclusion
Should You Participate in the Mobikwik IPO?
Deciding to invest in Mobikwik’s IPO depends on evaluating the company’s fundamentals, market position, and growth potential relative to risks. Here are key points to consider:
Reasons to Participate
Growth Potential in the Fintech Sector: India’s digital payments market is expanding rapidly, and Mobikwik is well-positioned to benefit from this trend with its strong presence in mobile wallets and Buy Now Pay Later (BNPL) services.
Revenue Growth: The company has shown steady growth in revenue, driven by increased user adoption and merchant partnerships, indicating strong business traction.
Digital Ecosystem Synergy: Mobikwik’s ability to integrate payments, lending, and financial services within a single platform creates cross-selling opportunities and a competitive edge.
Improved Unit Economics: Recent reductions in cash burn and operating expenses signal progress toward profitability.
Reasons to Reconsider
Profitability Concerns: The company has yet to achieve consistent profitability, and its path to sustained positive earnings remains uncertain.
Highly Competitive Market: Mobikwik faces fierce competition from well-funded players like Paytm, PhonePe, and Google Pay, which could impact its market share and margins.
Dependence on BNPL Growth: A significant portion of its future growth relies on BNPL adoption, which is subject to regulatory scrutiny and economic cycles.
Valuation Risks: Concerns about the IPO pricing being on the higher side might reduce the upside potential for investors.
Recommendation
If you have a high-risk appetite and believe in the long-term growth of India’s fintech industry, the Mobikwik IPO could be a strategic addition to your portfolio. However, investors seeking stability and immediate returns may prefer to wait for further clarity on the company’s profitability and competitive positioning. A diversified approach to fintech investments is advisable to mitigate risks.
