Month: April 2023

Parting from traditional brick-and-mortar banking, there is a paradigm shift in how banking is done. Today, banking is also about value addition to the customers and serving their financial needs. And that is what Fintechs does! A survey revealed that 53% of respondents from the banking sector are customer-centric 53% of respondents from the banking sector… Continue reading Why You Should Look Beyond Banks For Your Financial Needs

Starting a business requires consideration of multiple factors. Often, when starting a business, we are clear with the industry and product and also research a lot about competitors and substitutes available in the market. But often, we end up neglecting the financial risk and end up learning about financial risk the hard way. Wouldn’t it… Continue reading Financial risks involved in running a business

FinTech 2.0 – The era of FinTechs begin! Industries are parting ways from traditional banking and entering the era of financial inclusion. With this, FinTechs are rolling the financial solutions with strategic partnerships and innovative features. Financial democratization is one of those changes the economy needs. Also, emerging FinTech companies are increasingly gearing towards this… Continue reading Disrupting And Democratizing The Indian Finance Ecosystem

Introduction Small businesses, from Kirana shops to neighbourhood businesses, are essential to India’s economy. But despite their significance, these small-scale enterprises lack funding. According to research by the Asian Development Bank (ADB), one solution is to build a credit-information infrastructure for small and medium-sized businesses (SMEs) and offer credit guarantees to make it easier to… Continue reading Can Indian SMEs sustain an economic downturn?

Starting a business is easy, but it is tough to execute operations smoothly. There is immense competition nowadays as it has become necessary to ensure that your business is technically and technologically advanced. Especially when you are running a small business, you must fight against all odds, overcome all the financial challenges, and efficiently meet… Continue reading The Small Business Finance Problem

Niyogin FinTech Limited, established in 2018, is a non-banking finance company that offers financial assistance to micro, small, and medium enterprises in India through its holistic platform. This platform is designed mainly for mall business owners and aims to deliver collateral-free access to credit. Business owners cannot always offer collateral against the loan, which hampers… Continue reading Niyogin’s vision for a more inclusive financial system in India

India has one of the most comprehensive financial ecosystems in the world. Yet, lack of access continues to be a challenge for a large portion of India’s 138 crore population. Traditional players in the market cannot provide relevant products and services to various segments of consumers due to multiple reasons. Digital banking plays a transformative… Continue reading How digital banking is powering financial inclusion for rural customers and MSMEs

Introduction: The Information Interface India P Ltd, promoter of Niyogin, acquired a BSE listed NBFC – M3 Global Finance Ltd, and rechristened it to Niyogin Fintech Ltd. Post the acquisition, the company raised equity capital of Rs 235 crore from Institutional Investors to drive its growth as a Fintech company. Its objective is to cater… Continue reading The Growth of Niyogin

The entry of fintech into the SME sector started with the introduction of automation tools to get basic tasks done. For example, financial bookkeeping or transaction record-keeping were some of the things which were digitized, thanks to the new fintech tools. Most SMEs slowly started embracing more fintech innovations primarily because they were cost-effective and… Continue reading How Fintech can help SMEs grow

A credit score is a numerical figure ranging anywhere between 300 and 900. The higher the score, the better the chances of a person to avail of credit in the form of a loan. Any score which is 750 or above is considered a good credit score. The credit score is based on the credit history… Continue reading Building A Credit Score

Introduction  The adage “money cannot buy happiness” may be accurate, but most aspirations in life require money, whether personal or business. In current times, it is imperative to understand a strategic approach to investing your “cash in hand.” It is the only way to grow your business portfolio. When it comes to financial planning, there… Continue reading How to Improve Your Finances

All organizations, big or small, need funds to start, scale and sustain. Depending on their growth stage, companies can choose different types of loans. They can remit the loans through profits. In the following sections, we have listed in detail the different types of loans you can apply for as a business, the process of… Continue reading How to Get a Business Loan

It’s a no-brainer that a low CIBIL score has been one of the major reasons for the rejection of loan applications. Most banks require a credit score above 750 to process the loan application. The second arrangement is NBFC. However, the interest rates and charges levied by the NBFCs makes loan virtually unattractive. Therefore, a… Continue reading How To Establish Your Credit Score And History

Introduction Financial inclusion has been recognized as a critical facilitator for achieving inclusive and sustainable development. Broadly speaking, “financial inclusion” refers to providing every population segment equal access to various financial services. Besides banking services, these include other financial services like insurance, credit, and equity. Furthermore, financial inclusion safeguards the economic wealth of low-income groups,… Continue reading How Financial Inclusion Can Boost India’s GDP