VCs warm up to savings apps amidst the frenzy for BNPL products

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Venture capital (VC) firms are starting to back savings apps even as buy now pay later (BNPL) apps are garnering the bulk of their allocations. Mature fintech businesses such as Paytm, MobiKwik, BharatPe, Pine Labs, and ZestMoney have found credit to be a key revenue stream, leading to several BNPL products. ......