Earlier this year, the International Monetary Fund (IMF) projected India to become a five-trillion-dollar economy by 2026-2027. A key factor that will trigger such business growth is India’s accelerated adoption of digital across all sectors and functions – from agriculture and retail to edtech, logistics, and recruitment. Another sector that is undergoing massive digital transformation […]
The timely availability of sufficient credit to individuals and businesses significantly impacts economic growth. For some time now, digital lending has been providing a fillip for credit penetration among populations that were neglected for a very long time by banks and NBFCs. It is one of the rapidly growing segments of the Indian fintech industry […]
What is a co-lending arrangement? A co-lending arrangement is when a bank and an NBFC jointly contribute loans to a facility, sharing the risks and rewards. Co-lending model (CLM) improves the flow of credit to underserved sectors and provides funds to beneficiaries at an affordable rate. This is made possible by combining the lower cost […]
Almost every aspect of our economy has changed in some way due to the COVID-19 pandemic, and commerce is no exception. Today’s merchants aim to develop frictionless digital lending experiences that make it simple and quick for customers to buy products from their online store. Point of sale financing is one such technology that retailers […]
India’s payments market size is expected to grow to $ 10 Trillion in 2026, according to a report by Boston Consulting Group. With payments, Buy Now Pay Later, or BNPL, a newer trend is also projected to grow to a BNPL Gross Merchandise Value of $93.509 B by 2028. Buy Now Pay Later or BNPL […]
Every business has a unique story. While digital marketing and ad campaigns push a company’s brand narrative, a business’s bank statements tell the real story. Reading a bank statement, however, can be a labour-intensive, and overwhelming experience. Also, it can be easy to miss out on important details. This is where financial statement analysis software […]
India’s retail credit market has always represented a vastly underserved and exciting opportunity in financial services. Entrepreneurship, risk capital, and supportive infrastructure have contributed to the current uptick in innovation in this field. Technology has been instrumental in closing some credit gaps by reducing distribution costs, enhancing risk management, and enabling more customer-friendly products. However, […]
Lending is a tricky affair. It is always essential for lenders to be very careful about whom they are lending the money. There are a lot of risks associated with lending, and one of the most significant risks is that the borrower may not be able to repay the loan. That’s where bank statements come […]
Funding is always an integral part of the growth of a business. With the rise of eCommerce, the requirement for finance has given rise to digital lending. WhatsApp has tied up with banks like ICICI Bank, Kotak Mahindra Bank, and HDFC Bank to provide lending services to its largest and the fastest-growing market in the […]
Small businesses and budding entrepreneurs often lack past financial statements to prove their creditworthiness to banks. This gap opens up doors for a more efficient system to take its place. And digitising lending became the answer. Since time immemorial, lending has been an integral part of our society. Evidence of money lending and credit systems […]
