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Fintechs Seek Big Bank Blessings, But It Is Becoming A Taller Trek
Fintech lenders want big banks to back them, but the ask just got dearer.
07 Sep 2022, 10:51 AM IST
For fintechs with lending aspirations, it is crucial to bag a partner that lets them use the balance sheet to offer loans.Even though smaller banks and non-bank financial companies often present themselves as lucrative partners, their endorsement carries little weight as opposed to big players like State Bank of India, ICICI Bank Ltd. or HDFC Bank Ltd.Onboarding a debt partner like these banks allows fintechs to crack partnerships wi...
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