How LenDenClub Cracked The P2P Lending Code

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In 2024, LenDenClub, a Mumbai-based peer-to-peer (P2P) lender, plunged into the red, posting a double-digit loss of INR 14.17 Cr, as its operations were hit hard under a strict regulatory regime. The slide at the end of FY24 was staggering. The company had been profitable two years ago, reporting an INR 6.98 Cr profit after tax and achieving a 1,000% YOY surge in loan disbursement volume.

How did the regulatory landscape change? By August 2024, the RBI had finalised its stringent guidelines that hit the P2P Lending ecosystem like a…



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How LenDenClub Cracked The P2P Lending Code


In 2024, LenDenClub, a Mumbai-based peer-to-peer (P2P) lender, plunged into the red, posting a double-digit loss of INR 14.17 Cr, as its operations were hit hard under a strict regulatory regime. The slide at the end of FY24 was staggering. The company had been profitable two years ago, reporting an INR 6.98 Cr profit after tax and achieving a 1,000% YOY surge in loan disbursement volume.

How did the regulatory landscape change? By August 2024, the RBI had finalised its stringent guidelines that hit the P2P Lending ecosystem like a…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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