Michele Mattei’s Post

High street banks want to lend more to small businesses but are held back by poor data sharing, says Charlotte Crosswell of CFIT. Unlocking data through open finance could drive the next wave of financial innovation, improving SME access to credit. #SMEs #FinanceInnovation #OpenFinance #UKBanks #Fintech #LangbrookFinance

Please read our CEO's news on Mint regarding Fintechs and NBFCs can solve credit issues for SMEs and MSMEs. https://lnkd.in/gT-2ekHU #nbfc #fintech #SMEs #MSMEs Vikas Singh Brajmohan Singh

FlairMinds Marketscope! Shifting Tides: MSME Fintechs Leading the Charge in the Evolving Digital Lending Landscape. 💼 As consumer lending fades, MSME fintechs emerge as frontrunners. Regulatory shifts and economic conditions drive focus toward small business loans. Flairminds are at the forefront of this transformation. Read more: https://lnkd.in/dX-xqVy6 #digitallending #fintech #msme

MoneyLIVE Summit is almost over, and it was quite an educational and professional experience. So much knowledge, interesting meetings, insights, and opportunities in only 2 days. We had the pleasure of attending a panel that talked about one of our goals in creating the Core Lending Platform - “A shift in SME lending strategies” with Conrad Ford, Strategy Officer at Allica Bank, and Benjamin Dellal, Director of SME Lending at Metro Bank. The panelists explored trends in SME lending and talked about how despite experiencing the fastest interest rates in the past 20 years, SMEs are holding up. Banks focus on delivering innovative new products such as embedded finance through partnerships, and for larger-scale unsecured lending, the opportunity to deliver funding to SMEs is very much the banks' domain. The panelists also explored the role of P2P lenders in financing SMEs and the potential benefits of BNPL for SMEs in terms of cash flow and financing. Another interesting point of discussion was Basle 3.1 amendments that will come into play, but as the guidelines for lending are yet to be published, it is still not clear how. #monaylive #SME #smebanking

Finished with a life changing article by Sauradeep Bag of #orf that highlighted the efforts of fintech startups changing credit lending for people that are not included in traditional credit lending benchmarks. It's a move that can be a game changer for people who are stuck in systemically rigid credit lending practices. link: https://lnkd.in/gnFWRVP8

𝗙𝗶𝗻𝗧𝗲𝗰𝗵𝘀 𝘃𝘀. $𝟱𝟯𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗠𝗦𝗠𝗘 𝗰𝗿𝗲𝗱𝗶𝘁 𝗴𝗮𝗽: How are they making access to credit possible within 24-48 hours? Traditional lending often falls short, leading to a massive credit demand-supply mismatch leaving MSMEs with poor working capital reserves. 📉 Today 82% of SMEs are keen on sharing data with their banks for better services, along with 56% of SMEs shifting to digitally focused business models matching the increasing consumer demand. This has translated to a need for a next-gen credit decisioning for SMEs, as more than 50% of them need access to funds within 7 days. With FinTechs currently dominating the unsecured lending space, making access to credit within 24-48 hours is beyond any financial magic! Notably, the micro-segment with a credit exposure of less than INR 1 crore has registered a 23% YoY growth in originations value. Followed by consistent innovations behind platforms like Open Network For Digital Commerce (ONDC) & OCEN 4.0 led by innovators like Hrushikesh Mehta and organizations like ProductNation/iSPIRT, has further transformed the MSME lending ecosystem. From pre-to-post shipment financing, Fintech innovations have been amplified tremendously. Read More: https://bit.ly/3Y5lznk Think Working Capital, Think CredAble #MSMECredit #WorkingCapital #MSMEFinance #SMEFinance #TradeFinance #UnsecuredLending #FintechInnovation #CredAble

Funding for Fintech lenders is at an all time low. According to a @ CB Insights report, Q1 2024 was down 16% QoQ, its lowest quarter since 2017. Four years ago, fintech lenders had plenty of equity capital that they could use to support the inefficiency in their capital markets operations. Said another way, if poor data was delaying funding from their main credit facility, they could use equity to bridge the gap. But now, capital efficiency is more important than ever. Every dollar being diverted to support a company’s credit operations, translates to fewer months of runway for the company Investors care big time now. Lending fintechs must prepare to be asked about their capital efficiency metrics and the capital intensity of their book (for every dollar of revenue generated, how much capital did they burn to generate it?). Five years ago, nobody really cared that much. Today, it might be the difference in closing the next round. (Link to full report: https://ow.ly/U6Ou50RWZeq)

Exciting News Alert! KreditBee Secures $9.4 Million in Extended Series D Round! We are thrilled to share some exciting news from the world of fintech! KreditBee, a leading digital lending platform, has just closed an impressive $9.4 million funding round, an extension of its Series D financing! The round was led by Wiseanya Ltd, with significant contributions from esteemed investors like — Motilal Oswal Private Equity and Mirae Asset Global Investments, who reaffirmed their confidence in KreditBee's vision and potential. This strategic capital infusion, comprising the issuance of 92,322 Series D compulsory convertible preference shares (CCPS), marks a pivotal moment for KreditBee as it redefines the digital lending landscape. Founded by the visionary Madhusudan E, KreditBee is a crucial bridge between borrowers and financial institutions. It offers personal loans of up to Rs 4 lakh to young professionals at competitive interest rates and flexible terms. What's more, KreditBee's stellar performance in the last fiscal year speaks volumes about its resilience and growth trajectory. With a return to profitability and robust revenue from operations, the platform is poised for even greater success in the months ahead. With over 7 million satisfied customers and credit disbursals exceeding Rs 30,000 crore, KreditBee remains a formidable force in the fintech arena, poised to revolutionize credit access. Congratulations to the entire team at KreditBee on this remarkable achievement! https://lnkd.in/gWd7ctMS #Fintech #DigitalLending #SeriesD #FundingNews #KreditBee #FinancialInnovation #Investment #TechNews MUFG NewQuest Capital Inc.

The hard-to-borrow #SecuritiesLending market is ripe for #digitisation. Manual workflows like phone calls hinder efficiency. New lending platforms aim to consolidate fragmented HTB liquidity and enable electronic negotiation. By embracing automation, HTB participants can unlock major time savings and transparency. Read our latest blog to learn how dedicated HTB solutions are propelling niche lending into the digital age. #fintech #tradingtechnology #securitiesfinance #securitieslending #wematch #innovation #Wematchlive

The NBFC world is a rollercoaster of challenges and opportunities! Want to know what's keeping these financial powerhouses up at night and what's fueling their growth? Dive into our latest article to find out! #blog #article #blogpost #NBFC #fintech #financialservices