What moves the needle for digital lenders is serving loans to their respective customers. While some lenders use the former, it can be seen as folly because, over time, the founders tend to lose ownership of their businesses after giving out too much equity to raise capital for loans. TechCrunch has recently reported on two prominent digital lenders (also digital banks in their own rights) gaining steam in Africa — Carbon and FairMoney.
How UK-based Lendable is powering fintechs across emerging markets
2021-04-30T21:29:49-04:00April 30th, 2021|