Fintechs disburse Rs 31,692-cr small-ticket loans in Q2: Report

Fintech companies disbursed loans amounting to Rs 31,692 crore, up 43% year-on-year and 15% sequentially, a report by fintech lobby group Fintech Association for Consumer Empowerment (FACE) said Tuesday. This report analysed disbursement data of 37 FACE member fintech companies.

In volume terms, digital lenders extended 2.44 crore loans during Q2, higher than 2.22 crore in Q1 and 1.75 crore in Q2FY23. Volume growth rates varied significantly across companies on account of different scale and segment focus, and access to capital, FACE said. Overall, two-thirds of the companies reported positive growth in disbursement volumes. The average loan ticket size was Rs 10,591, marginally higher than Rs 10,209 in Q1.