Mumbai-based a peer-to-peer lending fintech startup, Capzest, has raised $200K in its seed round of funding from Lion Ventures, a seed investment & innovation platform founded by Anurag Mehrotra and Krishnakant Thakur, and other HNI’s, reported ET.
Last year in October, Gurgaon-based online P2P lending marketplace, Faircent.com, secured an undisclosed amount in funding from chairman of Manipal Global Education, TV Mohandas Pai’s led Aarin Capital Partners.
Related Article: Peer-To-Peer Lending Platform LenDenClub Gets Seed Funding
Peer to peer lending, which is still at its budding phase in the country, is already a prospering industry in the developed markets such as the US, UK and China giving stiff competition to banks and traditional lenders. In the US market alone, the industry is valued over $20 Bn and is expected $150 Bn by 2025.
Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.