Platforms that are catching the fancy of SMEs in tier 2 cities
Financial Lending platforms have very well penetrated tier 2 cities in India. NBFCs and digital lenders have significantly filled in the credit gap and gained a much needed familiarity among the borrowers over the period. With new credit profiling methods and digital underwriting these platforms have been able to keep their promise of faster and hassle free disbursements which traditional system was lacking. Identifying the opportunity here new age lenders witnessed a quicker acceptance. While metro cities have certainly been the primary drivers, but the tier 2 cities market has also seen an exponential growth.