‘Fintech’s’ The New ‘Player’ in the Startup Space!
Fintech startups have been hogging quite a limelight off late and investors find them pretty lucrative. Launched in 2016, Loan Tap allows its users to make single and bulk payment of loans.
Inc42 And IAMAI Release List Of 30 Emerging Fintech Startups In India
Fintech as a sector in India is growing at a rapid speed. Post demonetisation, the impetus Indian fintech startups have gained has placed the Indian fintech ecosystem on the global charts. A report by NASSCOM forecasts the Indian fintech software market to touch $2.4 Bn by 2020, from the current $1.2 Bn.
“EMI-free” loan disburser LoanTap to expand to Chandigarh, Coimbatore
Its “EMI-free” loan has caught the imagination of borrowers. “Since the take-home salaries of young professionals vary due to a variety of reasons, our EMI-free product keeps them relatively relaxed for, say, six months during which time they pay only the interest part of the EMI. When they find the going relatively better, they can start paying 10 per cent of the principal as well,” Satyam Kumar, Co-Founder, told BusinessLine.
Wallet is dead. Long live lending.
This is a story of two parts. Two dramatically different parts. Playing out in almost real time.First came the surprise bonanza: demonetisation. Then, even before the party could run its course, came the gigantic buzzkill: mandatory KYC. In the heady days of demonetisation, Paytm, Mobikwik, Freecharge, et al spent millions buffing up their brand, each claiming to be the
Here's how to use your credit card to avail better terms on a home loan
Issuance of a credit card marks the entry into the world of credit for most millennials. The journey that starts with a credit card generally peaks when one opts for a home loan, thanks to sky-high home prices.
Fin-tech companies must test loan books, need NBFCs for scale
LoanTap recognises salary patterns, so during some months the customer is charged a smaller principal servicing amount when his variable pay is low. When the customer receives a bonus he can make a bullet payment.
We analysed situation
We aim to help high-spirited millennials better manage their finances and serve as a helping hand at the time of their obligatory needs. Moreover, this is an online lending platform and millennials are more digitally active, making them our most favourable target audience. Loantap — an online platform based out of Pune is committed to deliver flexible loan products to salaried professionals. The idea is to use technology for building flexibility in products, without adding cost to it.
How Fintech Companies are Eyeing Huge Growth Opportunities After Budget 2018
The allocations made in this year's budget are clearly indicative of how integral new-age fintech start-ups have become to the Indian economy. According to Satyam Kumar -CEO and Co-founder, LoanTap, the biggest push, however, has come in terms of the infrastructural development that is going to support the digital economy.
Budget 2018: Startup CXOs demand tax sops for employees and reduction in GST
Mr. Satyam Kumar, CEO & Co-Founder of LoanTap says, Start-ups are doing a great service to the Nation. Besides obvious things like job creation, FDI & innovation, they are bringing consumer-centric approach to the business. This is pushing well entrenched old-world companies to look after customers as individuals with varying needs, unlike a production belt approach which they presently have towards the customers. Naturally ‘startup’ ecosystem needs soft-hand approach from government & regulators.