Tagged: rajat gandhi

P2P Lender Faircent.com Receives NBFC-P2P Certification from Reserve Bank of India

India Money

P2P lender Faircent.com has received NBFC-P2P certification from the Reserve Bank of India (RBI), reportedly the first P2P lending platform in the country to receive the certificate of registration as an NBFC-P2P by the national regulator. Faircent.com anticipates that the RBI certification will help Faircent.com gain… Read More

“Constructive Synergy”: Indian P2P Lender Faircent Introduces New Student Loan

India Money

Indian online P2P lending platform Faircent.com announced a new semi-secure student loan product in collaboration with Bangalore-based micro-lending startups.  Lenders ay also opt for a partly-secured alternative-investment opportunity that delivers a higher return. Under the partnership, college students may fund purchase of items such as laptops, books and… Read More

Indian Demonetization & Rupee Reform: The Uber Moment Fintech Needed?

India Money

When Indian Prime Minister Narendra Modi announced in November that the country would no longer use its R500 and R1000 (approximately $7.50 and $15.00) currencies — which make up 86 percent of all cash in circulation in India — observers questioned the wisdom of the… Read More

Brief: Indian P2P Lender Faircent Taps $1.5M from Brand Capital

brand capital

India-based P2P lending platform Faircent has raised $1.5 million from Brand Capital, the investment arm of the media conglomerate Bennett Coleman and Co, according to The Economic Times. “The investment proves and strengthens our brand conviction towards disrupting credit in India,”  Faircent CEO Rajat Gandhi told the Economic Times. “Our… Read More

Faircent Reportedly Raises Undisclosed Amount From Aarin Capital, Fund Led By Infosys’ Former CFO T.V. Mohandas Pai

mohandas pai

Peer-to-peer lending platform Faircent has raised an undisclosed amount of funding from Aarin Capital, a fund led by Infosys’ former CFO and chairman of Manipal Global Education T.V. Mohandas Pai, according to the Economic Times’ ET Tech, citing people aware of the development. Pai will also join the… Read More

P2P Lending Marketplace Update: India’s Faircent Signs with TransUnion

Faircent founders

Indian P2P lending marketplace Faircent.com signed data and solutions initiatives with global risk and information solutions provider TransUnion, for real-time credit appraisal of borrowers, reported the Economic Times. According to the post, Faircent is the first P2P lending marketplace to leverage TransUnion’s capability in data, analytics… Read More

India Peer-To-Peer Platform Faircent Raised ₹250,000 During Pre-Series A Round Led By M&S Partners Pte. Ltd.

faircent logo1

On Friday, Gurgaon-based peer-to-peer lending platform Faircent announced it has raised ₹250,000 in its pre-series A round, which was led by M&S Partners Pte. Ltd. Faircent is said to be India’s largest P2P lending site.  The platform has been in operation since mid 2014 and… Read More

Faircent.com + Yodlee; Leading P2P Lending Marketplace in India Gains New Alliance With Yodlee’s Leading Technology

faircent logo1

One of India’s largest peer-to-peer lending marketplaces, Faircent.com, today announced its alliance with Yodlee, a U.S.-based leading cloud-based technology and applications platform for digital financial services, according to India.com. Faircent is the first P2P lending marketplace to align with Yodlee in Asia, India.com noted. Yodlee, led by CEO… Read More

India’s Largest P2P Platform Faircent Raises Capital

Faircent founders

According to multiple reports, peer to peer lending platform Faircent has raised capital giving an estimated valuation of the peer lending site of $4 million.  Specific details of the funding round were not readily available. VCCircle stated that “an undisclosed amount in funding from Devesh Sachdev… Read More

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