The startup FLYK provides credit services to the low- and moderate-income (LMI) segment in India through its mobile app. FLYK uses psychometric assessment to understand consumer behavior beyond CIBIL scores. It underwrites loans through alternative data, which allows increased inclusion among its rural borrower segment. Through its “Combined Responsibility Network (CRN),” FLYK works to overcome the limitations of traditional lending models. Learn more about how the startup understood the need and recognized the solution here.

Our report delves deep into the innovative strategies that FinTechs used to overcome the pandemic, measures taken by the government and regulators to enable ecosystem players, and support lent from investors and accelerators. We also highlight the change in behavior and adoption of digitized products by Indian customers at large.

Entitled is a startup that works to build a one-stop platform for the financial needs of blue-collar employees in India. With an engine that recommends the right financial product starting from credit and insurance to savings, Entitled handholds customers to achieve their financial goals. The company’s efforts have resulted in a positive impact on its early customers. Read its success story here.

This blog, based on MSC’s three-phase study, explores the impact of COVID-19 on Indian FinTechs and various strategies that helped them survive and recover. It further provides recommendations for regulators and accelerators to support FinTechs holistically and sustainably.

This report delves deep into the innovative strategies FinTechs used to overcome the pandemic, measures taken by the government and regulators to enable ecosystem players, and the support FinTechs received from investors and accelerators. It also explores the change in behavior and adoption of digitized products by Indian customers.