Insights
In India, mom-and-pop stores are proving to be the holy grail for tech startups
An array of technology companies from different sectors have begun to partner with kirana stores.
7 mins read
Lending
Online platforms forced banks to improve offerings but model wasn’t sustainable.
In 2018 only 47% of adults in Southeast Asia had a bank account.
The company will use the money to increase its loan book to USD 700 million.
The company may be expanding to lend money to SMEs as well.
Patrick Walujo says that Bank Artos will collaborate with other digital players.
The serial entrepreneur is streamlining banking for India’s SMEs.
The limit for an individual to invest has been increased to USD 70,000.
Currently, the service is present in 10 states which will soon be available pan India.