为什么印度金融科技交易不能只看用户规模？
印度金融科技和支付市场用户规模大，但平台质量取决于留存、单位经济模型、风控和合规。中国买方必须区分真实活跃用户和补贴驱动流量。
牌照和数据合规是交易核心。
估值重点
买方应关注活跃用户、交易量、获客成本、留存、风控、坏账、牌照、合规记录、数据安全和单位经济模型。
如果增长依赖高补贴或高风险信贷，估值应更谨慎。
尽职调查重点
尽调应覆盖牌照、监管沟通、客户资金、反洗钱、数据隐私、风控模型、坏账、合作银行、税务和历史融资文件。
Lyndon如何协助
Lyndon可协助中国买方、印度金融科技企业和顾问准备估值、资料室、监管风险清单和交易执行。
About the Author
Daniel Bae
Co-founder & CEO, Lyndon Advisory
Daniel is an investment banker with 15+ years of experience in M&A, having advised on deals worth over US$30 billion. His career spans Citi, Moelis, Nomura, and ANZ across London, Hong Kong, and Sydney. He holds a combined Commerce/Law degree from the University of New South Wales. Daniel founded Lyndon Advisory to solve the pain points in M&A, enabling bankers to focus on what matters most — delivering trusted advice to clients.
About Lyndon Advisory
Lyndon Advisory is an M&A advisory firm built for Asia Pacific. We help business owners sell their companies and investors make strategic acquisitions with senior-led execution, disciplined process management, and AI-supported buyer intelligence.
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