Investing in P2P Vs Equity MFs, FD and other instruments

2018 was not a great year for equity investors. 2018 was not a great year for equity investors. The Sensex gave around 8 percent returns in the last one year, while the Nifty generated around 5 percent in the year gone by. Fans of fixed deposits didn’t have a great year either. Interest rates on […]

Planning to lend on a P2P platform? Avoid these 5 common mistakes

Lending money to someone, ensuring regular interest payments, and eventually the return of principal on time — it is a tough job. Sure, P2P platforms make the task a lot easier for lenders. However, first-time lenders on these new digital platforms still find the task arduous. Here are a few common mistakes you can avoid […]

Suspension of Aadhaar verification to hit lending of small fintech players

MUMBAI, NOVEMBER 28 Fintech players, especially online lenders in the personal and consumer loans segment, are likely to face slowdown in business following the Supreme Court order that prevents private companies from seeking Aadhaar data for e-KYC and e-signatures. Following the apex court’s order, the National Payments Corporation of India (NPCI), an umbrella organisation for […]

5 ways to reduce risk in P2P lending

Lending money is a risky affair. However, there are ways to minimize the risk. Since peer-to-peer (P2P) lending is a relatively new concept and the RBI regulations for the P2P sector are barely about a year old, here are five effective ways in which you can reduce the risk to ensure getting your money back. […]

Suspension of e-sign mandates to delay loan processing time for fintech startups

Digital lenders faced another roadblock as the National Payments Corporation of India has issued a circular, stating that e-sign mandate products will be suspended with effect from 26 November 2018. The decision was taken by the steering committee of the National Automated Clearing House, regulated by the NPCI. The electronic NACH or e-NACH form gives […]

Sachin Bansal, Kunal Shah to Ashish Kashyap, here is why serial entrepreneurs are crucial to the ecosystem

Flipkart co-founder Sachin Bansal is believed to back cab aggregator Ola with a $100 million investment after exiting Flipkart post its buyout by Walmart. Recently, Freecharge co-founder Kunal Shah announced his next start-up Cred, a platform to reward creditworthy individuals. Shah follows in the steps of Ashish Kashyap, founder of travel portal Ibibo, who recently […]

Artificial Intelligence & Big Data are believed to be the future powerhouse of Lending – Bhavin Patel

LenDenClub is the new-age P2P platform that aims to foster financial inclusion by leveraging technology to support borrowers with hassle-free loans, even in the remotest parts of the country. LenDenClub currently enjoys a borrower base of over 30000, while a lender base of more than 9000. While the lenders at the platform are spread all […]

Investors turn to P2P lending as other asset classes lose sheen

As the brewing financial and macroeconomic troubles take the sheen out of some asset classes, online peer-to-peer (P2P) lending is becoming an attractive option for high-risk-high-return investors. Disillusionment with mutual funds after the crisis in non-banking finance companies (NBFC), near-death of cryptocurrency market and diminishing returns from other asset classes have seen registrations on P2P […]

Funding the wanderer

Instead of chasing customers for home and auto loans, fintech start-ups have caught on the travel bug that has bitten Indian millennials. Start-ups in fintech and peer-to-peer (P2P) lending platforms are devising strategies of attracting more millennials towards small-ticket loans ranging from Rs 10,000 – 200,000, which are being mainly utilised towards experiential travel. Entrepreneurs […]

What next after Aadhaar gets SC nod despite judges acknowledging its flaws

In spite of agreeing that profiling undermines civil liberties and surveillance is unconstitutional, the judges reach the conclusion that neither is possible in the Aadhaar system Last week, the Supreme Court of India upheld the controversial Unique Identity scheme or Aadhaar. Following the second-longest hearing in the history of the Indian judiciary, the five-judge bench delivered a 1,448-page judgment more […]

Aadhaar verdict sends fintech players back to the drawing board

The recent Supreme Court verdict on Aadhaar may bring in tough times for the fintech companies who used to conduct eKYC (electronic Know Your Customer) via Aadhaar. Not mandating Aadhaar for the verification process has sent some fintech players back to the drawing board to work out strategies for physical verification, which is usually a […]

Here is Why Flipkart is Keen to Enter the Financial Services Sector

Looks the Indian startup’s ecosystem is smitten by the opportunities fintech industry is benefiting of. No wonder, we have unicorn startup companies such as the Flipkart looking into tap the market. Market buzz says that Flipkart is in the middle applying for an NBFC license to extend the line of credit to its sellers and […] What Happens to Firms Like Jio, Paytm as SC Strikes Down Section 57 of Aadhaar Act?

Section 57 gave birth to e-KYC, which allowed companies like Reliance Jio to rapidly acquire new users. Will bringing in a new law allow pvt entities to regain access to Aadhaar? New Delhi: Finance minister Arun Jaitley on Wednesday indicated that the Centre would examine whether separate legal backing is needed for Section 57 of the […] : Aadhaar verdict: India Inc, startups and experts react

The Supreme Court on Wednesday upheld the constitutional validity of Aadhaar, but with conditions. Justice A.K. Sikri pronounced the majority judgment on behalf of himself, Chief Justice of India Dipak Misra and Justices A.M. Khanwilkar and Ashok Bhushan. However, Justice D.Y. Chandrachud gave a dissenting judgment. The following are the reactions from exerts from various […]

Daily Hunt: SC verdict on Aadhaar Act may make operations expensive for fintech players

The Supreme Court of India on Wednesday, while upholding the constitutional validity of Aadhaar, struck down Section 57 of the Aadhaar Act, which allowed the sharing of citizen data with private entities. The five-judge bench of the apex court took on Section 57, a much-contested segment of the act, which permits the state or any […] : Supreme Court Verdict On Aadhaar: What It Means For Your Money

It is no longer mandatory to provide your Aadhaar while opening a bank account, nor needed for your phone connections and school admissions. The Supreme Court has upheld the constitutional validity of Aadhaar while striking down and reading certain sections of the Aadhaar Act 2016. In the 1448-page judgement, the 5-member bench – with one […] : Aadhar Verdict – As SC Scraps Sec 57, Will Alternative Lending Platforms Suffer from No eKYC?

SC struck down Section 57 of the Aadhaar Act which would now prevent private companies from accessing the data. Looks like the Supreme Court of India is on fire as soon after scrapping of the controversial section 377, the apex court has now rolled its sleeves to address concerns related to the much talked about […]

INC42: Supreme Court Verdict: Aadhaar Legal, Mandatory Only For IT Returns And PAN

To be or not to be is no longer the question. The question has now been pushed into the details — what form should it exist in and how should it be implemented. We’re talking about Aadhaar — the controversial, much-debated, biometrics-based identification system for 1.3 Bn Indians. After months of waiting, the landmark judgement of the Supreme Court (SC) […]

Aadhaar: धारा 57 को सुप्रीम कोर्ट ने किया खत्म, लेकिन अब Jio और पेटीएम जैसी कंपनियों का क्या होगा?

आधार एक्ट की धारा 57 की मदद से प्राइवेट कंपनियों के पास ये अधिकार था कि वो आपके आधार डेटाबेस में झांक सकते थे. लेकिन बुधवार को सुप्रीम कोर्ट ने इस एक्ट को खत्म कर ये कह दिया कि अब किसी भी व्यक्ति या प्राइवेट कंपनियों के पास ये अधिकार नहीं कि वो आपसे आपका […]

Aadhaar: Private firms hope Parliament will introduce law relaxing curbs on data use, says report

Several private entities use the unique identity card-based e-Know Your Customer process to verify their clients and add them to their database. Private firms and banks are hoping that Parliament will introduce legislation to relax the Supreme Court’s restrictions on their use of Aadhaar data, Business Standard reported on Thursday. The top court on Wednesday upheld the constitutional validity […]

After SC verdict, private firms wanting to still use Aadhaar look to govt : Business Standard

Legal experts claim introducing a law to bypass the SC directive may not be possible given the court’s stern stance Even as the Supreme Court (SC) disallowed the use of Aadhaarauthentication services by the private sector, companies in the fintech business have voiced their concern on the order. Companies argue that without Aadhaar authentication, their businesses will get disrupted and the government needs to think […]

YourStory : SC verdict on Aadhaar Act may make operations expensive for fintech players

The Supreme Court of India on Wednesday, while upholding the constitutional validity of Aadhaar, struck down Section 57 of the Aadhaar Act, which allowed the sharing of citizen data with private entities. The five-judge bench of the apex court took on Section 57, a much-contested segment of the act, which permits the state or any […]

Aadhaar Verdict: Private companies claim Supreme Court’s order will disrupt businesses, says report – cnbctv18

The companies have sought a legislation that reinstates their ability for the companies to ask for Aadhaar, said the report. Section 57 allowed any “body corporate or person” or private entity to demand Aadhaar from citizens for the purpose of identification. The apex court ruled that linking of Aadhaar cannot be made compulsory for services […]

Customer on-boarding costs to shoot up for fintech players – The Hindu Business Line

Say Aadhaar mode was convenient, faster; firms may ignore poor now MUMBAI, FEBRUARY 26 The Supreme Court’s verdict on validity of Aadhaar might lead to short-term difficulty for companies in the financial technology (fintech) sector. According to several players BusinessLine spoke to, the cost of customer on-boarding might go up substantially from almost ₹1 to a few hundred […]

LenDenClub Gets RBI Nod for NBFC-P2P – Dailyhunt

Below is a list of deals that happened in Indian Startup Ecosystem today (20th July 2018). Read a brief description about all of them: 1. YourNest Angel Fund-backed SmartQ, a food-tech startup, has acquired Nexus Venture Partners-backed Goodbox’s cafeteria business for an undisclosed sum. 2. LenDenClub, an online peer-to-peer lending marketplace for salaried borrowers, has […]

LenDenClub gets RBI nod for NBFC-P2P – Webnewswire

• Becomes one of the first peer-to-peer lending companies to receive the certification • The platform will now be able to report loan data to all credit bureaus • It will help fight legal battle to recover back lenders’ money Mumbai, July 20, 2018: LenDenClub an online Peer-to-Peer lending marketplace for salaried borrowers has received […]

LenDenClub is the latest to get RBI nod for NBFC-P2P

LenDenClub, an online peer-to-peer lending marketplace for salaried borrowers, has received its Certificate of Registration from the Reserve Bank of India (RBI) to officially operate as an NBFC-P2P. Bhavin Patel, Chief Executive Officer at LenDenClub said, “Registration as NBFC-P2P was one of the most important stepping stone for us. This is the altogether different era for us […]

LenDenClub gets RBI nod to establish as ‘NBFC-P2P’

Mumbai, July 20 LenDenClub, online peer-to-peer lending marketplace for salaried borrowers, today said it has received RBI clearance to establish itself as an NBFC-P2P. RBI today gave Certificate of Registration (CoR) to LenDenClub as an NBFC-P2P making it the one of the first 3 players to start operations in India, said in a release here. […]

LenDenClub Is Now RBI Registered “NBFC-P2P”

LenDenClub Becomes one of the first peer to peer lending companies to receive the certification. The Platform will now be able to report loan data to all credit bureaus. It will help fight legal battle to recover back lender’s money. Credit: Inc42 Read more at:

Lending Platform LenDenClub gets NBFC –P2P certification from RBI

P2P lending platform LenDenClub has received its NBFC-P2P certification from the Reserve Bank of India (RBI), the Economic Times said. The RBI issued those guidelines last October, to register and accredit P2P lending firms that resell loans from individuals who have money to invest. Started in 2015, the Mumbai based company essentially connects lenders with spare money with […]

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