India: Virus-hit digital lending startups and NBFCs look for buyers

Digital lending startups may undergo a wave of consolidation with smaller digital lenders and non-banking financial companies (NBFCs) scouting for buyers as the virus crisis and the ongoing moratorium on payments severely dents business.

While larger startups may see this as a value opportunity, smaller ones have been finding it tough to procure capital from their partner NBFCs, as uncertainty on the extension of the moratorium grows.

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