List of top 10 P2P lending startups in India

List of top 10, P2P lending startups in India
List of top 10, P2P lending startups in India

According to a report by Boston Consulting Group (BCG), the fintech space has witnessed an explosive growth in the recent years and digital lending industry is expected to touch $1 trillion over the next five years.

As the government is focusing on digitizing India, the number of online users in the country is set to grow, creating a new market for the growing industry.

Here is a comprehensive list of top 10 P2P lending startups in India:


Faircent is a Gurugram-based P2P lending platform, founded by Nitin Gupta, Rajat Gandhi, and Vinay Mathews in 2013. It is one of the first P2P lending platforms to start operations in the country. It connects the borrowers and lenders directly, eliminating intermediaries to provide better rates for both.

It last raised $4 million in a series B funding from Muthoot Fincorp and Incofin Investment Management in December 2017.


Lendingkart is an Ahmedabad-based fintech startup founded by Harshvardhan Lunia and Mukul Sachan in 2014. The startup uses data analysis to connect borrowers with lenders based on their creditworthiness to facilitate loans. This fintech startup aims to enable SME’s and other individuals by providing easy access to credit.

The startup had last secured ₹300 crores in debt funding Aditya Birla Sun Life AMC and others in August 2018.


Finzy is a Bengaluru-based P2P lending startup founded by Abhinandan Sangam, Amit More, Vishwas Dixit and Apoorv Gowde in 2016. It provides a digital platform to facilitate quick, easy and secure loans at personalized rates based on borrowers capabilities.

The startup recently raised $1 million in its second round of pre-series A funding in August 2018.


i2iFunding is a Noida-based fintech startup founded by Abhinav Johary, Manisha Bansal, Neha Aggarwal, Raghavendra Pratap Singh, and Vaibhav Pandey in 2015. It provides a platform for borrowers to get loans at attractive rates, along with high returns for the lenders.

The startup had last raised ₹5 crores in seed funding from SucSEED Venture Partners in May 2018.


i-Lend is a Hyderabad-based P2P-NBFC platform founded by Mukesh Kothari, Niti Gupta, and Shankar VVSSB in 2012. It provides an online marketplace connecting borrowers and lenders for loans. Borrowers can get attractive loans at 18-24% rates, while lenders can get high returns compared to a savings account and FD’s.

The startup raised an undisclosed amount of seed funding from 50K Ventures in May 2017.


LenDenClub is a Mumbai-based P2P lending startup founded by Bhavin Patel and Dipesh Karki in 2015. It provides a technology-led platform for borrowers to connect directly with lenders, removing the intermediaries and cutting involved costs. The platform currently has more than 25,000 borrowers from over 7,500 lenders.

The startup last raised $500,000 from Venture Catalyst and Anirudh Damani, MD of Artha India Ventures.

PaisaDukan (BigWin Infotech)

PaisaDukan is a Mumbai-based P2P lending startup founded by Rajiv Ranjan in 2018. It enables financial inclusion by providing a technology-led platform to facilitate smooth and seamless loans between borrowers and lenders. PaisaDukan is owned and operated by BigWin Infotech.

The startup last raised $225,000 in seed funding in May 2018.


RupeeCircle is a Mumbai-based fintech startup founded by Ajit Kumar, Abhishek Gandhi, Ashish Mehta and Piyush Saurabh in January 2018. It leverages cutting-edge technology to provide cheaper interest rates on loans compared to traditional financial institutions. It also provides higher returns for the lenders by removing intermediaries.

The startup had last raised ₹4 crores in seed funding from Mahindra Finance in July 2018.


Monexo is a Mumbai-based P2P-NBFC founded by M Sundar, Mukesh Bubna, and Sonal Bengani in 2014. It provides an online marketplace to facilitate peer-to-peer lending by bringing together borrowers and lenders.

This P2P lending platform raised $500,000 in seed funding in December 2014.


Cashkumar is a Bengaluru-based fintech startup founded by Dhiren Makhija, Kannan Kandappan, and Yogesh Joshi in 2012. It uses various data points to ascertain the creditworthiness of the borrower to facilitate seamless loan ranging from 20,000 to 1 lakh, through low-interest EMI’s.

The startup last raised 5 crores in seed funding from a clutch of investor including Vishal Sampat, Mohan Kumar, and OperatorVC in May 2018.

Along with providing an affordable lending platform for the borrowers, the startups will also provide lucrative returns on lender’s investments by removing any intermediaries. As the number of Indian online users increase, more fintech startups are expected to leverage the growing opportunity.


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