In a spot like never before, fintech lending wavers. Get ready for intense M&As. (2024)

Lending

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Concept by Muhabit ul haq

Synopsis

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.

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 heavy headwinds blowing away its real prospects to become a sustainable model for

Arti Singh

20 mins read, Last Updated:

Apr 21, 2020, 04:00:00 AM IST

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