Nonbank lenders tend to be more entrepreneurial and innovative.
Namaste Credit co-founder Gaurav Anand believes the challenge is now for fintech companies to make sure that the tech adoption by SMEs continues.
SME financing has been a problem around the world because banks are wary of lending to risky borrowers. But alternative lending is solving the issue slowly.
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How the financial web will help small business owners ahead of the increase.
Customers keep shifting in this ecosystem from money lender to BANKS via NBFC's & new set of customers reach out to local money lenders, thereby adding to the market size.
It was never easy for smaller businesses to get loans when they needed them most and it has only gotten harder since the recession.