Mumbai: PaisaDukan, a P2P lending platform fully owned by Mumbai based fintech startup BigWin Infotech, announced that it will be launching 2 branches in Noida & Bangalore as a part of its PAN India expansion and growth plans by the end of next month. This will enable the company to have better control over their operations and widen its reach.
Bigwin Infotech was established in December 2017 and was the first player to receive the In-Principle approval from Reserve Bank of India (RBI) to setup a Peer-to-Peer Lending Platform. Company has already furnished all legal/operational formalities and is expecting the Certificate of Registration (CoR) soon. Company has received USD 875K seed funding till now.
Rajiv M Ranjan, Founder & CEO BigWin Infotech said “We are working round-the-clock to meet all the regulatory as well technical formalities and expecting to launch PaisaDukan by end of July 2018. PaisaDukan would be the first lending platform under the micro finance category to have PAN India reach soon. As a PAN India expansion plan, we are coming up with 2 Branches in Noida & Bangalore which will enable our presence in North-India & South-India with Headquarter in Mumbai.”
Peer to peer lending platform enables people to borrow credit from individuals listed as lenders. Platform connects investors directly to creditworthy borrowers – enabling investors to earn attractive returns and borrowers to gain access to funding which is not available instantly through online channels with simple process, and smooth documentation formalities.
“Investors’ have already showcased their confidence on our platform and business model. At PaisaDukan.com, we strive to provide a highly secured customer experience by being completely transparent, hassle free, simple to use digital platform for all the borrowing and investing needs. Being an ethical and virtuous P2P Lending platform, we are responsibly abiding by our philosophy of, ‘Right Money to Right People’.” added Ranjan.