2019 has been one of the pivotal moments for the Fintech Lending Industry in India that has let young companies to get REAL – Recognise new realities of the industry, Embrace the slow pace of growth , Allocation of resources to create moats, Learn new areas of fund raises/ development. Many businesses got funded for the promise that their data/segments are lending worthy and thus the interest in Lending continued to rise with new funding rounds during the year.
As we usher into the new year, the Problem of deserving underserved and the use of traditional plus alternate data both remain a big unsolved opportunity for the Fintech industry and there couldn’t be a better time to solve them.
Views expressed in this article are a personal opinion of Manish Lunia – Co Founder of FlexiLoans.com.
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