Digital Lending Trouble

September 9, 2018

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What is common between an airline, a ride & delivery company, a payment company, and an e-commerce company? You might have guessed that it’s lending. In fact, there is a whole new wave of digital lending propositions with the premise that anybody can lend. Anybody who has a lot of customers, data on them along with engagement to give them a loan. One of the most common reasons to lend is to finance their products/services or finance sellers on a marketplace. This wave was started by the US, the UK, and Chinese lending companies that we fondly referred to as digital lending FinTechs (including but not limited to P2P lenders).

These digital lending platforms started on a very strong note. Their business models were based on their underwriting algorithms, with their alternate da ...

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