[Matrix Moments] Fintech: A look back at the first six months of 2020
Image Credit: DaisyHowever, once COVID-19 hit Indian shores, things changed overnight, and people didn’t want to touch the fintech sector. For example, digital payment startups have already recovered to pre COVID levels and are benefitting from clear ecommerce tailwinds. Impact of COVID on lendingClearly, lending companies have had a rough few months, and more pain is still to come, but there again it’s a story of two halves. This was the biggest lacuna for fintech lenders in the past, but we are seeing early signs of that changing. Long-term fundamentals in fintechAt Matrix Partners India, we believe that long term fundamentals for fintech have not changed.