This startup finance issue can be resolved by collaborations with fintech firms. These forward-thinking financial technology firms have had a significant impact, attracting investments at previously unheard-of levels, and they can help credit-starved Indian entrepreneurs. The procedure for traditional funding choices has been improved by the technology-based analytics used by fintech firms, making it simpler for entrepreneurs to obtain loans and credit lines, according to Khanna. According to Gaurav Rastogi, the founder, and CEO of Kuvera, India has about 190 million unbanked people who are not eligible for traditional financial services. India is one of the most appealing locations for investments worldwide because of its relatively low penetration of financial products and services and rapid adoption of fintech, the author continued.

Source: Mint June 07, 2023 12:30 UTC