LOANDO Group with a nomination for the Loan Magazine Awards 2019
The Loan Magazine Awards Gala is a regular event aimed at awarding the best brands in the area of non-banking financial industry. During the 5th...
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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