linkedin
BROUGHT TO YOU BY
Exclusive Access, Inclusive Growth

WELCOME TO ET PRIME

BROUGTH TO YOU BY
Exclusive Access, Inclusive Growth

Fintech + BFSI

1
Lending

Inside BharatPe: binging on growth, USD100 million in bank, and a lending model that may irk RBI

In less than two years, BharatPe has turned into a payments heavyweight. But there are issues that may need attention. Using a merchant’s money taken under a savings product to lend to another merchant may draw RBI’s ire. Its rapid speed may have received rapt attention from investors, but senior-level exits and recent layoffs raise many questions.

headset AUDIO SUMMARY . 01:23
Lending

Inside BharatPe: binging on growth, USD100 million in bank, and a lending model that may irk RBI

In less than two years, BharatPe has turned into a payments heavyweight. But there are issues that may need attention. Using a merchant’s money taken under a savings product to lend to another merchant may draw RBI’s ire. Its rapid speed may have received rapt attention from investors, but senior-level exits and recent layoffs raise many questions.

headset AUDIO SUMMARY . 01:23
Insurance

LIC to New India, pandemic claims swamp insurers. It’s time they take care of their own health, too.

Covid-19 cases are rising, so are insurance claims. While insurers are focusing more on speeding up claims processing and cutting the time taken to give payouts, they face key challenges on multiple fronts — two months of subdued premium receipts and renewals; higher capital requirement once business regains momentum; and a rise in hospitalisation settlements after the virus outbreak is over.

Lending

A tech firm with an NBFC licence: how Apollo Finvest reinvented legacy in two years

Apollo Finvest, in its new avatar, is trying to change the fintech-lending landscape with its tech-first approach. But its high default-guarantee norm and fintech firms’ ambition to go it alone once they reach scale may come in the way. The company should also prepare in case the regulator raises data-privacy concerns around digital lending and asks other uncomfortable questions.

Investigation

Trouble inside Anurag Bhatia's money maze called Minance

Bhatia and his Bengaluru-based wealth-management company Minance are under scrutiny. Investors and former employees narrate instances of alleged mis-selling, default on payments, and related-party transactions. Add to it, dealings in high-frequency trading, fixed-income scheme, and unlisted shares. Bhatia refutes all the allegations and says he has received only one formal query from Sebi.

headset AUDIO SUMMARY . 01:41
Fintech

Conserve cash, flatten NPA curve, reassure partners: Capital Float has a plan to fight the tsunami

Cash is king, believe Capital Float’s founders Gaurav Hinduja and Sashank Rishyasringa. The digital-lending startup is undertaking minimal disbursals and has stopped all discretionary spends. It’s building sufficient collections capacity to ensure NPA curves are flattened post lockdown. It’s also reassuring all stakeholders. The company’s ‘perfect storm’ over the past year, they say, had prepared it for this tsunami.

[[^message]]

Result

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

[[message]]

[[/message]]