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PayU aims to provide full-stack financial services to its customers

So far, the company has disbursed about $300 million in credit and it now wants to add new products

loans, restructuring, recast, debt, moratorium, credit, lending, banks
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With Covid taking the NBFC segment by surprise last year, many preferred to go slow in lending. PayU, too, adopted the same strategy.

Shivani Shinde Mumbai
PayU Finance, a digital lending player backed by Prosus, has seen its buy-now-pay-later (BNPL) segment double in a year and touch a consumer base of 3 million. The firm, which has seen its lending business touch 70 per cent of pre-Covid levels, is now aiming to provide full-stack financial services to its customers.
 
Prashanth Ranganathan, chief executive officer (CEO), PayU Finance, believes that in the next five years, the company will be able to create a loan book of $1.5 billion — combined between LazyPay and PaySense, making it one of the largest digital lenders in the country.