Lending Tech In India: The Rise Of Consumer Lending, Report 2020
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On an average 5.6 Mn credit cards are issued annually in India, growing at a compounded annual growth rate (2013-2019) of 24%. But that doesn’t tell the full story of the Indian lending market.
In recent years, consumer lending in India has witnessed a major upheaval with startups taking centre-stage thanks to innovative credit products and the advent of BNPL (Buy Now Pay Later) products for ecommerce. This has unlocked the buying potential of India’s new-to-credit consumers.
Our report provides a juxtaposition of the opportunity for B2B and B2C lending tech startups in India. Get a clear understanding of the overall lending tech market in India, understand demand mapping, the lending tech startup landscape, the state of NPAs in India’s leading digital lenders and more.
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Key Highlights
120 Mn
Number Of Formally Employed Indians Without A Credit Card
$2.4 Bn
Total Funding In Lending Tech Startups Between 2014 to Q3 2020
$2.2 Mn
Median Revenue Of Lending Tech Startups In FY19
77%
Funded Lending Tech Startups In India Are EBITDA Negative