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Sachin Bansal's Navi app among top three digital lenders in India

Bansal said there is a huge unmet demand for credit and their digital lending platform has done well despite the Covid-19 pandemic

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Last year, Bansal has ventured into microfinance sector through picking up a majority stake in Chaitanya Rural Intermediation Development Services.

Debasis Mohapatra Bengaluru

2 min read Last Updated : Jul 24 2020 | 1:56 AM IST

Just within three months of its launch, Flipkart co-founder Sachin Bansal’s financial services start-up Navi’s digital lending app has emerged as one of the largest such platforms in India.

In a fireside chat with Sequoia Capital India’s MD Rajan Anandan in the Global Fintech Fest, Bansal said there is a huge unmet demand for credit and their digital lending platform has done well despite the Covid-19 pandemic.

“If you are a middle-class person or an owner of an SME, you are not served by most of the financial services firms. The reason is the cost of operations is very high. No company

Topics : Coronavirus Lockdown Sachin Bansal financial services digital lending Startups Flipkart

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