The second quarter of 2016 has failed to revive the investor interest in the VC-backed finetch startups, according to Pulse of Fintech, a quarterly global report by KPMG and CB Insight. According to the report, the investments in Fintech startups fell by 49% in Q2, 2016
Global investments in fintech companies across both venture-backed and non-venture-backed companies totaled $9.4 billion in the second quarter of this year, says a report. However, investment directed to VC-backed fintech (financial technology) startups fell 49 per cent, the report said.
A healthy CIBIL report and score increases one’s chances of getting a loan and costs Rs 500. “By the end of the year, the Credit Information Bureau of India will start providing individuals with one free credit report a year, so that they can check their credit rating and petition if they see possible discrepancies,” RBI governor Raghuram Rajan told delegates at a seminar on ‘Transforming Rural India through Financial Inclusion’.
Indiabulls Housing Finance has become the first mortgage company to complete an end-to-end digitisation of loan sanctions. What this means is that a borrower can now digitally sign a loan proposal, submit documents electronically and get a sanction based on salary documents all from a computer or tablet.