The smooth functioning of a business depends on many aspects, one of them being the availability of adequate liquidity at all times. Bill discounting is a short-term financing option that helps entrepreneurs access quick cash and maintain healthy liquidity to fund growth and cover the regular expenses of their startups and businesses. In the current […]
Can Co-Lending Be the Catalyst for the Resurgence of India’s MSME Sector?
The Micro, Small, and Medium Enterprises (MSME) sector contributes significantly to India’s growth trajectory, provides resilience to the economy, and generates a substantial number of jobs. A total of 633.9 lakh MSMEs employed 93,94,957 people in the financial year 2022, as per IBEF. The sector has played a vital role in generating employment in rural […]
Digital Lending: Managing AML and KYC in 2023
The global digital lending market is expected to grow exponentially in the coming years. The increasing demand for financial services and the rising adoption of digital solutions in traditional banking and lending services drive this growth. Data Bridge Market Research shows that the digital lending market is expected to reach USD 69937 million by 2029, […]
Banking On Co-Lending To Serve Credit Demand: A Scaling Strategy For NBFCs
Co-Lending Model (CLM) is still in its infancy in India. RBI devised this specific lending model to improve credit availability to the underserved and unserved categories of the economy. Generally, these segments are isolated from mainstream banking facilities due to their geographical or demographical characteristics. They include low and medium-income categories, Micro, Small, and Medium […]
Digital Lending Trends in 2023: How Are Top Players Gearing Up?
The digital lending segment grew from 9 billion USD in 2012 to almost 150 billion in 2020. It is one of the fastest-growing fintech segments and is expected to reach a value of approximately 350 billion USD in 2023 in India. Factors like increasing digital adoption and the difficulty of accessing credit through traditional banking […]
Digital Lending’s Future: Secrets, Obstacles, and Success
India’s digital lending market is expected to grow to $1.3 Trillion in 2030, says Inc42. Technological growth, higher internet penetration and the tiresome loan application process in traditional banking establishments have pushed many towards digital lending. Moreover, customers’ demand for a faster and simpler loan application process has propelled lenders to go online and adopt […]