Factors like the ever-evolving customer mindset and the pandemic have led to the surging demand for tech-enabled products and services in the financial services sector
The company recently raised undisclosed funding with some of the marquee names to invest being Rangarajan Krishnan. Deepak Shahdadpuri, Abhay Hanjura and Vivek Gupta along with Sovereign Fund, Silicon Valley Bank, Robinhood, & Facebook.
CredAvenue, an enterprise debt marketplace, on becoming one of the fastest fintech startups to become a unicorn and its aim to revolutionize the debt markets
Funds will be utilized to expand the network of merchants, launch a suite of innovative BNPL products and power the purchases of over 450 million consumers in India
Funds will be utilised to grow the loan book rapidly in a segment with low credit penetration and to offer new products for various verticals within education
Credgenics collates borrower responses across all physical and digital communication channels in one place to help create sharp analytics available in user-friendly dashboards.
The wealth of data that fintech is garnering will form the foundation on which fintech would build intelligent, intuitive and sharper solutions that find resonance in the market place quicker.
Fintechs are overcoming the barriers of connectivity, infrastructure deficiencies, resources and cultural limitations through technology and are increasing digital awareness and literacy
The rise of fintech players, better user experience and innovative product solutions are acting as a catalyst that will further push digital adoption in India