SIDBI and Equifax have partnered to launch “Fintech Pulse”, a quarterly publication highlighting the key trends of the fast-growing Fintech segment.

“Fintech Pulse” aims to provide insights on trends in the Indian Fintech industry – from disbursements to delinquencies to top growing states and top loan categories.

Key highlights of the first edition of Fintech Pulse:

·         Portfolio outstanding of Fintechs has grown by 92% from Dec’18 to Dec’19, the highest growth rate compared to other lender types

·         Personal loans were the most preferred loan type disbursed by NBFC Fintechs with a market share of 7.35% by number of active loans

·         Personal loan disbursements by NBFC Fintechs grew by 110% in 2019 compared to industry average growth of 22%

·         90+ delinquency for personal loans stood at 6.15% as on Dec’19

·         New to Fintech Credit customers ranged 27-33% across quarters. Business Loans portfolio outstanding grew by 74% from Dec’18 to Dec’19.

·         Fintech lending in urban and semi-urban geographies   accounted for 89% by disbursed amount and 80% by number of loans

·         Top 4 states contribute of 50% of live loans by Fintech lenders

·         Millennials accounted for 51% of loans by volume and 19% by value

On the launch, Shri Mohammad Mustafa, IAS, Chairman & Managing Director, SIDBI said,  “We have been taking concerted efforts to offer digital bouquet to MSME domain through various credit and non-financial access portals including Udyamimitra,which also powers PMSVANidhi,psbloansin59minutes and MSMESaksham. As another sector-building initiative, we are partnering with Equifax for ‘Fintech Pulse’ to demonstrate the differentiator prowess which fintechs bring in further easing access to credit.  I am sure tracking the fintechs shall enable more inclusivity & transparent availability of timely and adequate credit.”

Shri KM Nanaiah, Managing Director, Equifax Credit Information services Ltd. andCountry Leader, Equifax India and MEA said, “We are very pleased to present the ‘Fintech Pulse’ in partnership with SIDBI to help the industry get a view of trends and showcase various opportunities that lending presents across geographies, demographics, products etc. This new report will provide deep insights on the way forward for our industry by using the rich source of data provided to Equifax by lending institutions, including the Fintech NBFCs in the country.”