Lending

By bringing startups within the ambit of banking finance, the central bank has helped several fledgeling startups in the country gain access to institutional credit and created an enabling environment for the raising of easy working capital

As the expiry of this moratorium comes closer, banks and NBFCs have a new challenge, i.e., the biggest loan recollection exercise in their history, in a time of economic slowdown

The fintech digital lending startups are doing what no other traditional financer does-bring credit facilities right to where the user is

The traditional analytical techniques of assessing borrowers' profiles have become obsolete owing to increased complexities involved while dealing with tonnes of data.

This round comes not long after it raised a separate $30 million round in August last year from Bertelsmann India Investments, Accel Partners and Sequoia India.

Lending platform SuperMoney raised $1 million from Unitus Ventures in a pre-series A funding round.

Bengaluru-based Avail Finance, which is backed by the likes of Bhavish Aggarwal and Binny Bansal, partners with non-banking financial companies to help disburse easy loans ranging upto INR 50,000.

The $185 million deal will see PaySense being merged with Naspers-owned PayU's pay-later service provider LazyPay.

The future posits that NBFCs will continue to experience robust growth with minimal instances of delinquencies if the credit flow doesn't stop and the risk mitigation mechanisms improve.

Some fintech start-up founders and company leaders share their thoughts about the trends that they noticed in 2019 and what they expect from the upcoming year.

Namaste Credit co-founder Gaurav Anand believes the challenge is now for fintech companies to make sure that the tech adoption by SMEs continues.

Mi Credit, at present, services 1,500 pin codes across the country, and the company aims to expand its availability to all pin codes by the end of the current fiscal year.

The minister acknowledged the efforts of the NBFCs, who play an important role in sustaining consumption demand as well as capital formation among the MSMEs

MSMEs only received 17.4 per cent of the total credit by formal lending entities in India but all this is about to change

While applying for any business loan, the young an entrepreneur should consider these important things

Experts are looking forward to how the new FM will revive the economy from the slowdown

MSME digital lending has the potential to grow 10 to 15 times larger by 2023, to INR 6-7 lakh crore, or $80-100 billion nearly as large as the entire global microfinance industry today

The blockchain startup, which was founded Mayank Tewari and Prerit Srivastava last year, has raised $1 million from Accel Partners

There are names who are shinning in the fintech space in India and abroad for, literally, dwindling fintech structures around the world, Rishi Khosla is one of them

AI has revolutionized almost every business sector and has made deep inroads into the BFSI sector

Access to credit is one of the most painful points among the MSMEs in India. However, with alternate data, GST data stack and AI-driven algorithms, MSMEs are hoping for a change in the credit positions - P2P lenders have stepped up to take up the challenge.