An In-Depth Examination Of The ALTMAN-Z Score's Applicability In Gauging The Financial Health Of Fintech Companies Operating In The Indian Market

Abstract

In the financial world, the decision models and analytics play an important role and in today’s scenario of digital era, it becomes more important to use it effectively. As our economy is heading towards the digital road of transactions, it becomes essential to check the viability of classical model like ALTMAN-Z SCORE on FINTECH companies. These companies are becoming revenue generators for investors and other stakeholders at large, due to the increased use of digital transactions. Maximum of them are listed in stock exchange and are attracting prospective investors easily for huge gains. Though the gains are high, the risk is as well, and we all know uncertainty about future existence of the company play an important role and this lays the foundation of our study. The study is conducted on secondary data available of some FINTECH companies to predict its existence based on popular tool known as ALTMAN- Z SQUARE test.