Fintech financing startups were among the list of major beneficiaries of capital raising financing during 2019 with up to 69 organizations having raised significantly more than $593 million across 92 rounds, according to information given by Tracxn to ET.

BENGALURU| NEW DELHI: India’s online lending startups which were supplying signature loans to blue-collared employees and quick unsecured loans to little enterprises are dealing with a bleak future, with consolidations and shuttering of operations expected throughout the room.

Most fintech lending businesses which also hold non-banking economic company (NBFC) licenses are anticipated to just just take a substantial hit to their loan books with payment collections slowing within the aftermath of Covid-19 outbreak and also the lockdown to are, while for others the flow of credit from larger NBFCs and banking institutions are anticipated to grind up to a halt, skillfully developed stated. Continue Reading →