Lily Desouza09 Jun, 2025Business
Market is assessed to grow at a CAGR of around 16.65%, during the forecast period of 2025-2032 to attain a value of around USD 103.7 billion in 2032. The usage of an easy-to-use loan point-of-sale platform by banks, credit unions, and private lenders to involve with insolvents is known as lendtech. Among the benefits offered by digital lending platforms are improved loan optimization, advanced decision-making, obedience to rules & standards, and amplified business productivity. The market is expanding owing to large part to the increasing unmet financial requirements of SMEs and the growing usage of smartphones & internet penetration. SMEs' unmet funding desires are mounting as a result of the rise of startup culture, which is predicted to drive the usage of LendTech platforms & services throughout the projected period.
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