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In December 2019, the RBI increased the lending limit on P2P platforms to Rs 50 lakh, up from the previous limit of Rs 10 lakh. [ 8 ] In 2021, LenDenClub was chosen to participate in the Microsoft for Startups program and its co-founders Bhavin Patel and Dipesh Karki were featured in the Businessworld 's BW Disrupt 40 Under 40 list.
Peer-to-peer lending, also abbreviated as P2P lending, is the practice of lending money to individuals or businesses through online services that match lenders with borrowers. Peer-to-peer lending companies often offer their services online, and attempt to operate with lower overhead and provide their services more cheaply than traditional ...
Companies portal; Peer-to-peer lending companies broker and service person-to-person (peer-to-peer) loans between individual borrowers and individual lenders (investors). ). Typically the loans can be shared among multiple investors allowing the investors to diversify even a relatively small inve
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Rang De connect social investors with under-served communities of borrowers, enabling the low income households to get financial help. Social investors can begin by lending as low as INR 100 through the Rang De platform. It partners with non-governmental organisations and micro-lending institutions to screen borrowers at the grassroots level.
The Endurance Lending Network changed its name to Funding Circle, and Reuters reported: "Unlike Funding Circle, Endurance Lending's site is only open to accredited and institutional investors, due to differences in regulation". [11] In October 2015 Funding Circle acquired Zencap to access markets in Germany, Spain and the Netherlands. [9]
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