News > Digital Lending Startups Face Image Crisis As Borrowers Cry Coercive Collection Tactics

Digital Lending Startups Face Image Crisis As Borrowers Cry Coercive Collection Tactics

In a press note, the Cyberabad cyber crime police station pointed out that one of the affected borrowers had first taken a loan from 'Cash Mama' and then received similar instant loan offers from multiple platforms namely 'Monkey Cash', 'Mera Loan' and others. 

Interestingly, the note states that Cash Mama and Loan Zone have tied up with nine NBFCs to process these loans, among them a clutch of popular peer-to-peer lending applications have also been named.