Tag: fintech

PurpleYo looks to raise $15 m by year-end

Mumbai: PurpleYo, an online market place for commercial real estate in India, is looking to raise $15 million for its expansion. The data and analytics firm said it is also eyeing co-working space and lending opportunities to SME players. “Our attempt was to create a marketplace model for co…

How fintech players can help banks bridge the gap in SME lending in India

Before the Indian government liberalized the economy in 1991, the success of businesses in India depended mostly on government contacts, licenses, bureaucracy and ambition. Today, the competitive landscape is much more diverse, with family businesses having to compete with MNCs for better technol…

Fintech players helping banks disburse more loans

Two years of fintechdriven reach has helped banks grow about 15-20 per cent indicating that banks’ dependence on `feeton-street’ to campaign for loans may recede in a few years. Bankers said nearly a third of their customers below 30 years were on-boarded through the digital platform.…