FinEzzy aims to disburse Rs 1,500 crore in loans against mutual funds over next year

FinEzzy on Monday said that it will disburse Rs 1,500 crore in loans against mutual funds over the next year. The announcement comes as FinEzzy launched its mobile app, introducing a comprehensive personal finance platform in order to leverage the growth witnessed in the growing fintech industry. According to Invest India, India has the highest fintech adoption rate globally of 87 per cent which is significantly higher than the global average rate of 64 per cent. Further, according to a report by EY, the promising Indian FinTech market is expected to reach $1 trillion in AUM and $200 billion in revenue by 2030.