From Innovation to Action: How Digital Lending is Shaping the Future

Hello, fintech fanatic!

It's time to explore the rising digital lending space. ??

Digital lending is transforming the way we borrow, making the process faster, more efficient, and more accessible than ever.

For banks, digital lending brings opportunities with innovative products like P2P loans, BNPL, and automated mortgage approvals. In fact, the fintech lending market is expected to exceed $400 billion by 2028 .

Leading the way in digital lending ??

?? FlexiLoans raises $34.5M to support MSMEs in India.

FlexiLoans plans to use the latest funding to expand its operations, enhance its online lending platform , and strengthen its technology infrastructure. ?

?? Rapid Finance integrates with Q2's digital banking platform.

Rapid Finance can now offer its small business finance solutions through the Q2 Digital Banking Platform, providing customers with a seamless, secure, and API-driven experience.

While digital lending is transforming the industry, many financial institutions still struggle to offer fully optimized services:

• 90% of financial institutions offer online loan applications, but only 65% provide a mobile application process.
• The percentage of consumers completing loan applications online has dropped from 76% in 2021 to 57% in 2024, likely due to growing regulatory and compliance requirements.
• 57% of institutions reported that consumers can complete the entire loan application online, although completion rates vary by loan type.

?It’s clear that despite progress, there’s still room for improvement.

Want to learn more about digital lending? Stay tuned—we’ll be diving deeper into the topic soon.??

?? Fintech: What's New?

?? Revolut hits 10 million customers in the UK. ?

Revolut now has 10 million customers in the UK, bringing its global total to 45 million. Revolut also announced plans to issue its own stablecoin . ?

?? Apple launches Affirm BNPL option. ?

Apple Pay users in the U.S. can now break down their purchases into biweekly or monthly payments with Affirm, available on iOS 18 and iPadOS 18.? ?

?? MercadoLibre secures $250 million from JPMorgan. ?

With $250 million in new fundi ng from JPMorgan, MercadoLibre aims to expand its fintech credit profile in Mexico, enhance its services, and maintain regulatory compliance.

How do you approach innovation??

We have a tried and tested method.

The ideation phase of a new product is crucial but challenging without the right capacity or processes. It's much easier to tweak a roadmap during discovery than in production.?

That's where Spark by Vacuumlabs ?? steps in, offering a product discovery process designed to reduce risks and clarify why you're building something.

?? Uncover Spark by Vacuumlabs Here?

77% of Consumers Won’t Complete a Purchase?If Their Preferred Payment Method is Missing

Customers expect multiple ways to pay—are platforms ready to meet these new standards? ?

• Local payment methods are expected to reach 58% of global eCommerce transactions by 2028, up from 47% in 2023.
• The rise of account-to-account (A2A) payments drives this shift, predicted to hit 18% of all payments.

With 77% of shoppers walking away if their preferred payment method isn’t available, offering flexible options isn’t just nice to have—it’s a must for keeping customers happy.

??MOMENTUM AI :? Dive into a world where AI pioneers share insights and practical strategies for leveraging AI to drive business growth. (2-3 October, London)

??MoneyLIVE Nordic Banking: The leading banking and payments conference in the Nordic & Baltic regions. (22-23 October, Copenhagen)

??FINTECH LIVE : A leading event that unites industry leaders, innovators, and stakeholders to explore trends, challenges, and advancements. (22-23 October, London) ?

??DIGITALNI AKTIVA PRO BANKOVNICTVI A FINANCE: A pivotal event exploring the future of traditional finance and digital assets. Feel free to reach out to our CEO Tomas Masek , who will be part of Panel 02 , discussing the intersection of conventional banking and digital assets. The panel will focus on regulatory and technological challenges, as well as whether these developments foster collaboration or competition in the financial sector. (5 November, Prague)

See you inside! ?

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