Fintech companies in India are feeling the pinch of rising compute costs as the rapid adoption of artificial intelligence (AI) puts pressure on global data centre capacity.
Listed fintechs such as Groww, PB Fintech and Paytm have reported a sharp increase in data centre, internet and other technology-related expenses, reflecting the growing cost of running their platforms as well as the additional computing requirements arising from AI adoption.
Paytm's software, cloud and data centre expenses shot up 59 percent to Rs 211 crore in the September quarter, compared with Rs 133 crore in the corresponding quarter of FY26.
Groww reported a 66 percent increase in its cost to serve, which includes internet and data centre expenses, to Rs 206 crore in the second quarter of FY27 from Rs 124 crore in the year-ago period.
PB Fintech also saw its internet costs rise 65 percent to Rs 71 crore from Rs 43 crore during the same period.