P2P lending marketplace ‘PaisaDukan’ to open branches in Noida and Bangalore
New Delhi, June 23 (KNN) PaisaDukan, a P2P lending platform fully owned by Mumbai based fintech startup BigWin Infotech, has decided to launch 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.
Established in December 2017, Bigwin Infotech was the first player to receive 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.
He said that the PaisaDukan would be the first lending platform under the micro finance category to have PAN India reaches 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, he added.
Peer to peer lending platform connects investors directly to creditworthy borrowers. And also enable borrowers to gain access to funding which is not available instantly through online channels with simple process, and smooth documentation formalities. Not only this, it enables investors to earn attractive returns.
Talking about this microfinance lending firm, Ranjan added, “Investors’ have already showcased their confidence on our platform and business model.”
He said, 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’, he added.