NBFCs are offering a significant contribution to enhance the growth of the economy. At the same time, FinTechs are improving the experience of banking by making it more personalized and intuitive. An increasing number of NBFC license holders are collaborating with FinTechs to enhance the workflow of their Company and expand the customer base. About 8900 companies are holding a valid certificate of NBFC registration out of which only around 950 are running their business activities and has a capital size of more than 40 crores. Rest of the NBFCs are mere license holders and are only able to meet the regulatory cap of 2 crore rupees. NBFC license holders are actively collaborating with FinTechs to create innovative loan products, offer quick disbursement of loan and many other user-friendly benefits by using cutting-edge technology.
Before collaborating with a FinTech Company, NBFC should check the background of the Company and necessary due diligence should be conducted. If everything is found satisfactory, NBFC collaborates with FinTech Company and opt one of the models discussed below
• Lead-Based model
• Co-lending Model
• Only FinTech Model
Right from NBFC consultation to Auditing Services, Fintechasia is a one stop shop for all your professional needs. They were very courteous and professional in their approach. We would definitely recommend their service to anyone seeking professional help
Fintechasia has provided me exceptional service when I consulted them for my NBFC business. From initial consultation to registering my NBFC business they were proficient and expert in their advice. I would highly recommend them for NBFC services.