Covid-19 impact: Fintech startups smell opportunity, revisit business ideas

From insurance policies to helping essential businesses go online instantly, these start-ups are angling for new offerings

Financial technology (fintech) start-ups are leaving no stone unturned to come up with new business initiatives and products to cope with the impact of the Covid-19 pandemic.

Bengaluru-based Instamojo has come up with an initiative for essential businesses, such as pharmacies, called Priority KYC, which will allow them to go online with their products in five minutes. “In times like these, when online is the only solution, several small businesses need support to go digital. Through this initiative, Instamojo is offering Priority KYC, helping these essential services go online in less than five minutes,” said Sampad Swain, chief executive officer (CEO)