| Thursday, 10 November 2022 |
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Good morning [%first_name |Dear Reader%],
It’s been a gloomy few days on the jobs front. There have been massive layoffs in the tech sector, and others are feeling the pinch (you should check out the latest edition of The Nutgraf). Which is why the topic of Anand’s piece in this edition is particularly timely.
But before we get to that, here’s Arundhati on how there’s a consensus building on lending-as-a-feature.
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It’s time to retire ‘lending-as-a-feature’
Back in the good old heydays of fintech, lending-as-a-feature was all the rage. I mean, you could tack on an option to take a loan on any product a company/platform was selling.
Selling cab rides? Here’s a loan to buy a phone to hail that cab ride!
This ended up with pretty much every company becoming a ‘fintech’, with bumper fundraises and dizzying valuations.
But that non-bank company that was actually lending its balance-sheet? You know, the one that was actually giving out the loans?
