 "money, cash, investment, stocks, tax, funds, investors, investment, shares, lenders, lending, loans, funding")
Can credit be handed out faster than Maggi noodles? Last Thursday, CASHe launched a WhatsApp-enabled service for instant credit, which V Raman Kumar — the fintech’s founder and chairman — claims is a first-of-its-kind, because “today’s smart consumers demand instant gratification and contactless support”.
With so many “smart consumers”, CASHe saw a 237 per cent annual growth in the number of small loans disbursed, to 430,000 in FY22, from 127,000 in FY21, with an average ticket-size of about Rs 40,000.
A recent report by CRIF High Mark (How India Lends: Credit Landscape in India FY21) has it that small-ticket personal loans (STPL,
