Tag: Finextra

Dark Future: Half Of European Fintech Lenders May Be Forced Out Of The Market!

FinTech Lenders tamir - November 17, 2023

According to Finextra, a recent report from credit fund WinYield paints a challenging picture for European fintech lending startups in 2023. Despite accumulating over €11 billion in debt facilities, the report identifies significant "cracks" in their credit models and approaches. Notably, less than 10% of these fintechs have staff with relevant credit experience, relying heavily on basic regression analysis without human assessment in their underwriting models.

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