The biggest day on India’s policy calendar had a slew of announcements directed at the middle class and the rural sector, but few that shone a spotlight on the burgeoning startup ecosystem in India. India’s payment industry, however, has much to cheer about with the proposed regulator…
Tag: Rajat Gandhi
Fintech start-ups anticipate rise in borrower data since many SMEs will be forced to transact online
Bengaluru: Financial-technology startups are anticipating a rush of users as the government restricts the flow of money to check corruption, including from among the likes of drivers and store-keepers, for many of whom banks remain alien territory. One likely impact of the government’s decision N…
RBI rate cut positive, but may have little for SMEs
Terming the Reserve Bank of India’s (RBI) move to cut the short-term lending rate by 25 bps to 6.25% from 6.50% as positive, experts argue it may have little or no impact for SMEs in the country. “The first significant policy announcement since assuming responsibility as the Governor …
Faircent acclaimed ‘Breakthrough Brand’ by Interbrand
Faircent.com, India’s largest peer to peer lending marketplace has been acclaimed as the ‘Interbrand Breakthrough Brand in Finance’ by Interbrand. The inaugural Breakthrough Brands report is in partnership with Facebook, Ready Set Rocket and the New York Stock Exchange (NYSE). Faircent.com is the…
Peer-to-peer lending startups such as Faircent eye blockchain technology
Peer-to-peer lending startups such as Faircent, Micrograam and i-lend are increasingly examining the potential of integrating blockchain technology into their systems to improve transparency levels, and act as a ledger system to automate and record transactions on their platforms. These are still…
JM financial acquires 9.84% in p2p lending startup Fairassets
Close on the heels of Reserve Bank of India’s move to bring the nascent peer-to-peer (P2P) lending under regulation, financial services firm JM Financial has acquired 9.84% stake in P2P lending start-up Fairassets Technologies through one of its subsidiaries. All five existing investors of …