A non-bank fintech lender controlled by Chinese organizations through a Nasdaq-listed Norwegian software firm shows the depth of the predatory loan app crisis.
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I’m very confused how they are still operating. If you look at Twitter, their name comes up the most in terms of complaints and all. How have they been able to evade scrutiny is the question,” says the co-founder of a digital lending platform. The company this person is referring to is Gurugram-headquartered PC Financial Services Pvt. Ltd.
PC Financial is a non-banking financial company, or NBFC, incorporated back in 1995. Today, it’s also a very active fintech company and digital lender, one of
Arti is a former writer at The Morning Context. She previously worked with publications such as ET Prime, VCCircle, Firstpost and EETimes. Arti has keenly tracked the evolution of financial technology in India and written some of the defining pieces on the ecosystem as it birthed and matured. Even when not writing about it, she loves to dissect the revenue models, margins and regulations that are shaping the sector.