The lendtech market in Poland
Krzysztof Przybysz, LOANDO Group CEO, commented: Lendtechs are a relatively new concept. The word describes financial institutions operating exclusively online. This fact in some way...
As illustrated by Krzysztof Przybysz, such a noticeable gap in solvency between borrowers from lendtechs and those borrowing from traditional institutions is probably stemming from the consumer profiles of both groups. Fintech borrowers are often services subscribers and are therefore used to paying back quickly. It is also worth mentioning that online loans are usually spent on consumption and thus they are small amounts that are easier to repay immediately.
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