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Portfolio outstanding of fintech companies grew 92% in 2019: Report

Personal loan disbursements by NBFC-fintech companies grew by 110 per cent in 2019 compared to industry average growth of 22 per cent, it said

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Business loans portfolio outstanding rose 74 per cent from December 2018 to December 2019, as per the report.

Press Trust of India Mumbai
Fintech companies saw a growth of 92 per cent in their portfolio outstanding between December 2018 and December 2019, according to a joint report by SIDBI and Equifax.

The report is an analysis of 39 NBFC-fintech (as of December 2019) that submit data to Equifax, a data, analytics, and technology company.

Portfolio outstanding of fintech companies have grown by 92 per cent from Dec'18 to Dec'19, the highest growth rate compared to other lender types, the Fintech Lending report by SIDBI and Equifax showed.

Personal loans were the most preferred loan type disbursed by NBFC-fintech with a market share of

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