March 20

Digital Lending To Small Business in India Set To Surge, Says BCG-Omidyar Report

By Pallavi Nahata

If payments were the chosen flavour of the fintech universe a few years ago, then digital lending, particularly to small business, is the newest opportunity attracting young entrepreneurs.

As the number of digital lending platforms rise and the availability of data around small businesses improves, digital lending to the country’s micro small and medium enterprises could surge, said a report co-authored by consulting firm BCG and philanthropic investor Omidyar Network.

Photo courtesy of Simone McCourtie.

Source: Bloomberg Quint (link opens in a new window)

Finance, Technology
digital finance, emerging markets, microlending, microloans, Omidyar Network, small business, SMEs