Vantage Point by EMVC - Jun 27 2025
Updates to keep up with the latest in fintech from our vantage point.
Welcome back,
This week, Amazon launched at-home diagnostics services in India. Pine Labs and Credila filed for an IPO. GoKwik raised $13M in funds. There is also a weekend read from the World Economic Forum.
From the team at EMVC.
If you’re a fintech startup or thinking about starting up, we’d like to meet you. At EMVC, we’ve worked with founders of Slice, M2P, Khatabook, Bureau and many others from their early days.
Weekend read: The Future of Global Fintech by World Economic Forum. "...Fintech firms have evolved rapidly over the last two decades, securing their position alongside traditional financial institutions. This is due, in large part, to their ability to harness technology to deliver affordable, accessible financial products and services at scale..."
Amazon launched its at-home diagnostics services in partnership with Orange Health Labs. Similar to Amazon One Medical in the US, this will enable its Indian users to avail tele-consultation, medicine delivery and lab testing facilities via the ecommerce platform.
Payments platform Pine Labs filed for a $304M Initial Public Offer. The company serves over 915K merchant partners and crossed $12M in Monthly Revenue Run Rate this year. In a related development, Credila Financial Services also filed for an IPO to raise $584M. This will mark the largest education focused lender IPO in India with existing investors like EQT and HDFC selling shares worth $234M.
Commerce enabler GoKwik raised $13M led by RTP Global, Z47, Peak XV and others. The company claims it has enabled brands to process ~$2Bn in GMV.
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