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Lending

In a spot like never before, fintech lending wavers. Get ready for intense M&As.

Among the fintech players, digital lending is the worst hit by the Covid-19 crisis. As companies cry for a ‘moratorium on the moratorium’ given by RBI, the industry will see a high mortality rate. Smaller firms that can hold on for six months might be up for acquisitions, while the big boys will become bigger. Last of a three-part series.
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artisingh
21 Apr 2020 19 Mins Read 8 comments
Concept by Muhabit ul haq Getty Images
Concept by Muhabit ul haq
This is some kind of a joke that’s happening with us”. Harshvardhan Lunia, co-founder and CEO of Lendingkart, followed up his disquieting remark with a feeble laughter when asked about how the fintech-lending space is coping with the Covid-19 crisis. Lunia’s sentiment is echoing across the fintech-lending industry in India these days. The segment is not new to
emerge six-nine months from now, the smaller players will have to fight a tough battle for survival while the big boys will have to turn this crisis into an opportunity. The storm this time is relentless. The digital-lending space needs to show its messianic zeal to live to tell the tale. ( Graphics by Sadhana Saxena)
This is some kind of a joke that’s happening with us”. Harshvardhan Lunia, co-founder and CEO of Lendingkart, followed up his disquieting remark with a feeble laughter when asked about how the fintech-lending space is coping with the Covid-19 crisis. Lunia’s sentiment is echoing across the fintech-lending industry in India these days. The segment is not new to emerge six-nine months from now, the smaller players will have to fight a tough battle for survival while the big boys will have to turn this crisis into an opportunity. The storm this time is relentless. The digital-lending space needs to show its messianic zeal to live to tell the tale. ( Graphics by Sadhana Saxena)

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