FinTechs: The Dark Horse of SME Lending

Abstract

The tech-revolution has reshaped the financial industry in India with innovative means to cater to the need of rising customer expectations. The Indian fin tech market has been on a growth trajectory that is evident from the number of fintechs and the investments attracted by them. The Indian regulators and Government have been playing a favourable role in accelerating the growth & adoption of Fintech services in the country. Considering the fact that in India there is wide credit gap especially in MSME sector. This gap provides ample of opportunity to the Fintechs to reach out to the unserved segments of the society. With the use of modern technology and data crunching ability, the Fintechs has come as solace to capital starved MSME sectors. The purpose of this article is to throw some light on the Fintechs and their role in SME lending in India.