In the biggest funding round of the week for B2B FinTech, HR and payroll company Namely secured $50 million in venture capital funding. That, said...
Startups in India have been looking towards venture capital for financing in the absence of traditional bank loans. And while InnoVen Capital is a top...
Earlier this month, marketplace lending site Biz2Credit released the findings of its most recent small business lending index. The data revealed that SME loan approval...
Foreign financiers that fall outside the traditional banking system are pushing the growth of nonbank lending in India. According to the Wall Street Journal, the...
In many ways, alternative lenders and traditional banks need each other. Borrowers may want the innovation, technology and speed of an alternative lending platform but...
Traditional banks are beginning to embrace their alternative lending competitors as a way to reach more borrowers and get a jumpstart on the technology and...
India-based SME lender Lendingkart is considering a new revenue stream that would involve working with rival lenders. Reports Friday (Dec. 16) said Lendingkart will offer...
Analysts are no longer confident that alternative players will disrupt the SME lending space as once thought. Still, others remain sure the sector is doing...