The Covid-19 pandemic proved a driver for alternative lending solutions. Dmitry Dolgorukov, the Co-Founder and CRO at HES FinTech, notes that 2020 is a milestone in history when alternative lending becomes an essential business tool.
The pandemic, ironically, pushed the value of digital lending. Businesses opt for alternative solutions aimed to reduce expenditure and facilitate routine operations. While traditional brick-and-mortar banks might consider such investment “risky”, alternative lenders take advantage of a new fintech trend. Hence, one business outperforms competitors, the other is on course towards collapse.
Find out more details in the new article for Forbes: Online Lending Is Holding Better Than Expected. Here’s Why
Read the new article to be aware of all digital trends in the financial sphere. Discover more insights on alternative lending in our blog.