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Indian fintech lenders grab turf from China as Google begins app clean-up Fintech players further claimed that out of the new applications received in the last two months, nearly 40-45% were from customers that had earlier dealt with China-backed lenders. Synopsis Most domestic fintech lenders that ET spoke with said that their business rose 20-40% month-on-month since December, when the crackdown started. Recently, Google pulled the plug on more than 500 instant-credit apps that had their roots in China and were not compliant with the central bank norms. With Google removing nearly 500 China-backed fintech apps from its play store, home grown small lenders have seen a significant rise in loan disbursals. Most domestic fintech lenders that ET spoke to said that their business rose 20-40% month-on-month since December, when the crackdown started. ....
Suicides Lead to Targeted Scrutiny of Digital Lending Apps in India Suicides Lead to Targeted Scrutiny of Digital Lending Apps in India Comments Off on Suicides Lead to Targeted Scrutiny of Digital Lending Apps in India KOLKATA A spate of suicides linked to alleged harassment by digital lending companies is drawing increased government scrutiny of subprime lenders. Three people in the southern city of Hyderabad committed suicide this month after allegedly being harassed by recovery agents of digital lending companies, which make subprime loans to those who lack the financial resources or the credit needed for a traditional loan. As many as five deaths in several states have been reported, all allegedly due to harassing loan recovery methods, some media reports say. ....
Indonesia Peer-to-Peer Lending Market Outlook to 2024 - ResearchAndMarkets.com businesswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesswire.com Daily Mail and Mail on Sunday newspapers.
10. Indonesia Peer-to-Peer Lending Market Size, 2016-2018 10.1. Indonesia Peer-to-Peer Lending Market Segmentation by Disbursement, 2018 11. Competition Stage, Major Players, Competitive Trends and Competition Parameters Strength and Weakness of Major Players (Koinworks, Investree, Modalku, Amartha, Akseleran, Crowde, Crowdo, Danamas, and Aktivaku) Market Share of Major P2P Lending Platforms by Loan Disbursed, 2018 Heat Map of P2P Lending Platforms by Presence in Personal Loans, Term Loans, Invoice Financing, Buyer Financing, Collateral, Bond Issue, SE Asia Presence, Sharia Financing Cross Comparison between P2P Lending Players (Loan Disbursed, Business Model, Number of Lenders, Borrowers, NPL, Average Loan Amount, Investors, Fund Raised), 2018 12. Company Profiles (Company Synopsis, Business Strategy, USP, Lenders and Borrower Profile and Employee Headcount, Business Model, Number of Loans, Amount Disbursed, NPL, Commission Income, Investor Return, Ave ....