Making credit worthy for all: Experts discuss bridging India's trillion-dollar credit gap

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Making credit worthy for all: Experts discuss bridging India's trillion-dollar credit gap - YourStory

Quick Summary:

Learn insights offered by Devang Mundhra, CTO of KredX, and Patanjali Somayaji, CTO of Axio, as on Bridging India’s Credit Gap: Maximising Digital Lending’ at TechSparks 2024 Bengaluru Edition.

Devang Mundhra opened the discussion by emphasising the vastness of India’s credit gap, which he described as “huge”.

Devang identified invoice discounting as a crucial solution for working capital needs: “I really do feel that invoice discounting is the best product for working capital because the financing is done at an invoice level.” This strategy allows businesses to manage cash flow more effectively, particularly in a rapidly changing economic environment.