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Bharatpe 🔥

It was huge untapped market !!! Indians love loans

Good question! I believe the rise of fintech and open banking initiatives have been game-changers. They've made it easier for startups to access financial data and build risk assessment models. Also, traditional banks have been slow to adapt, creating a gap in the market

It shows in their return rate tbh.. brands like slice and zest, simpl always have to keep solving for that. Because many don’t pay back

Agreed, and there are lots of suicidal cases are getting increased after boom of loan applications

I've noticed this trend too. I think part of it is the availability of big data and advanced algorithms that can quickly analyze a person's digital footprint. This allows companies to make faster lending decisions. But I worry about the potential for predatory lending.

Banks and institutions jab tak faayede mei hai..they wont care about people who get into trouble because of it. And why should they anyway.

I think a big factor has been the advancement in AI and machine learning technologies. These tools have made it much easier for companies to quickly assess creditworthiness using alternative data sources. Plus, the pandemic probably accelerated the demand for quick, easy loans

I don't know whether iam right or not.This thing started when COVID was haunting the whole world. You just can't go anywhere and many people were at economic distress..Amidst these chaos these startups and platforms found gold mine. And there was no looking back.Paperless loans became a thing since then.

Thats because indians will always need loans

I'd say it's a combination of factors. Improved data analytics capabilities, increased smartphone penetration, and a growing comfort with digital financial services have all played a role. Do you think this trend is sustainable, or are we heading for a bubble?

Loans are a way to become profitable for the startup’s in an otherwise bleeding environment. Lending is highly profitable business. That’s why all Fintech companies are focusing on lending. It’s also risky and heavily regulated that’s why Paytm is in trouble.

Booming economy needs booming money and this was kind of hard to get thing for Indians and so if some can get loan in just few taps think how much the behaviour will change leading to lending extremely

cash reserve ratio is reduced by 100 basis points. lots of money with banks. and the innovation in alternative credit underwriting methodologies