For two newly minted fintech unicorns and one soonicorn—Razorpay, Cred, and BharatPe, all in very different segments—a large part of their revenues and profits is expected to come from lending, a prospect attracting investors like moths to a flame.

Online payment gateway Razorpay, estimated to be worth about $1 billion after raising capital in October, is in the final stages of discussions to close a new funding round that will value it at nearly $3 billion, according to three sources briefed on the matter. 

Merchant payments startup BharatPe, valued at about $900 million in February, has initiated conversations with investors, including Tiger Global Management, to raise a new round at a valuation of over $2 billion, said two others sources briefed on the matter. 

Cred, a credit card bill payments platform, closed a funding round earlier this month at a valuation of $2.2 billion, up from $800 million in November.