The global market for digital lending platforms is projected to account for $ 15.3 billion by the end of 2026 and is projected to emerge as the fastest growing segment in the coming years, according to the new Million Insights report, posting a rate annual compound of 20.7%. during the forecast period, 2019 to 2026. …
Digital lending is emerging as a powerful force to reach those who have not been able to access financial services in the past. In India, despite being one of the fastest growing economies in the world and having a dynamic business outlook, lack of equality in access to credit continues to grow, which translates into …
Research shows that crises disproportionately affect women and the COVID-19 pandemic has been no different. Given this, Finca has been using technology to create Fintech products that can help women be more financially included. For example, FINCA Afghanistan created FINCA’s first women-only branch. In a country where women are especially vulnerable due to marginalization, weak economic …
The changing space of digital lending transformation is bringing a remarkable shift in credit analysis and bank loans. Likewise, in the last couple of years we see many advanced in digital lending thanks to technology. For example, we’ve seen a new way of vetting applicants that promote inclusion, while strategy backed by artificial intelligence and …
SMEs are generally key contributors to a country’s economy; however there is one big common problem among these types of business. The lending gap is one of the main factors and obstacles that impede the growth of this sector. In fact, the International Finance Corporation (IFC) estimates that 65 million firms, or 40% of formal …
Lending Fintech refers to online platforms that facilitate the obtaining of financial resources for both individuals and companies and this new financing alternative has made it possible for many enterprises to obtain the necessary capital to continue working. In relation to this one of the regions with the greatest acceptance and use of this category …
The space for doing Online Lending in EU or Russia is limited. Some companies are switched focus to Balkans with total population around 55m, some companies enters Central Asia with the population around 75m. Why do companies from Russia or EU choose these regions? One of the reasons, because investors have lower cultural and uncertainty …
Despite COVID-19 headwinds, Southeast Asia’s digital economy has remained strong and resilient, adding 40 million people into the online space this year. Usage of mobile banking apps rose across all Southeast Asian markets with Vietnam, the Philippines and Indonesia recording the strongest growth rates in monthly active users. Indonesia + 44% Philippines +53% Vietnam +73% …