How We Built Trust in the Mobile App of one of India's leading Fintech start-ups - 0 views

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started by pixelstudios835 on 25 Jan 22

#1 pixelstudios835 on 25 Jan 22

The Lending Market

According to Credit bureau CRIF High Mark’s comprehensive market study for FY17-21 titled ‘How India Lends’, the credit landscape in India has been ever-evolving and has witnessed changing consumer preferences, shift in demand towards smaller ticket loans, ease of access to credit and increased usage of digital platforms.

Incidentally, in a market swamped by banks and other big players who chase high-value customers and high net worth individuals, fintech lenders have started to emerge with latest technologies to cater to lower income segments – such as college students and blue collared employees.

These fintech lenders have the knowledge and the know-how to not only streamline the traditionally out-of-date and non-transparent lending process, but also the power to speed up their payment processing times.

Introduction

One such leading Fintech company, BadaBro, ventured into the business of lending loans using its Mobile App of the same name. Through a tie-up with NBFCs and Financial Providers registered with the Reserve Bank of India, BadaBro released loans of values between 3000 INR and 30000 INR for college students and 10000 INR to 40000 INR for salaried employees.

With BadaBro, immediate loans can be applied for, applications can be processed within minutes and loans can be availed within 24 hours of a thorough back-end verification process involving the customer’s CIBIL rating.

Click to learn more about Fintech start-ups

<div class="cArrow"> </div><div class="cContentInner"><img src="https://www.diigo.com/file/image/beredrabzpbsrbdqeozepeqqess/Mobile+apps+start-ups+in+India.jpg" width="772" height="386" /> <h2>The Lending Market </h2> According to Credit bureau CRIF High Mark’s comprehensive market study for FY17-21 titled ‘How India Lends’, the credit landscape in India has been ever-evolving and has witnessed changing consumer preferences, shift in demand towards smaller ticket loans, ease of access to credit and increased usage of digital platforms. Incidentally, in a market swamped by banks and other big players who chase high-value customers and high net worth individuals, fintech lenders have started to emerge with latest technologies to cater to lower income segments – such as college students and blue collared employees. These fintech lenders have the knowledge and the know-how to not only streamline the traditionally out-of-date and non-transparent lending process, but also the power to speed up their payment processing times. <h2>Introduction </h2> One such leading Fintech company, BadaBro, ventured into the business of lending loans using its Mobile App of the same name. Through a tie-up with NBFCs and Financial Providers registered with the Reserve Bank of India, BadaBro released loans of values between 3000 INR and 30000 INR for college students and 10000 INR to 40000 INR for salaried employees. <img src="https://www.diigo.com/file/image/beredrabzpbsrbdrpdzepeqqoad/Mobile+apps+start-ups+in+India.jpg" /> With BadaBro, immediate loans can be applied for, applications can be processed within minutes and loans can be availed within 24 hours of a thorough back-end verification process involving the customer’s CIBIL rating. Click to learn more about <a rel="nofollow" href="https://www.pixel-studios.com/blog/how-we-built-trust-in-mobile-app-of-one-of-indias-leading-fintech-start-ups/">Fintech start-ups</a></div>

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