New age FinTech platforms that facilitates loans to retailers and businesses through online/mobile channel. These platforms can be balance sheet lenders, marketplaces or P2P platforms. The lending ecosystem also includes FinTech players who provide alternative credit scoring and white label software solutions for automation of lending processes for upcoming lenders. All these companies aim to leverage technology to reduce cost and time. Also, they lend to unbanked/thin-file customers which banks find hard to service owing to low ticket size and high risks