linkedin
BROUGHT TO YOU BY
Exclusive Access, Inclusive Growth

WELCOME TO ET PRIME

BROUGTH TO YOU BY
Exclusive Access, Inclusive Growth
ET Prime
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.
font size
FONT SIZE
save
SAVE
saved
SAVED
Gift this article
GIFT ARTICLE
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)

The latest from ET Prime is now on Telegram. To subscribe to our Telegram newsletter click here.

Gift this story

YOU CAN GIFT 0 MORE STORIES THIS MONTH

Maximum 10 Email IDs allowed

300 characters remaining

Gift Sent Successfully

Limit Reached
Limit Reached

You’ve gifted all the 0 articles from your monthly gift bucket!

Please come back next month.

0 more articles will be waiting for you in your gift bucket.

CONTRIBUTORS WHO HAVE COMMENTED ON THIS STORY

test

user Manas Vr

test

user Arti Singh ET Prime, Assistant Editor - Fintech

test

user panushkac

test

user ruraljournalist RuralJournalistsAssnOfIndia, Electronic Media Broadcasting Journalism

test

user Nisha John

Current Edition

Message from Planet Labs’ eye in the sky: India is a medieval knight in the age of modern warfare
Space

Message from Planet Labs’ eye in the sky: India is a medieval knight in the age of modern warfare

Satellite pictures of the Galwan valley region shared by US-based Planet Labs exposed China backtracking on the agreement with India to disengage. While the images did help India foster its case in shaping global opinion, it also exposes the country’s unpreparedness in advanced technologies. The episode underlines the urgent need to nurture companies in satellite imaging and space technology.

[[^message]]

Result

[[/message]] [[#message]]

[[message]]

[[/message]]