Fintech startup Cred will invest $10 million in P2P non-banking financial company LiquiLoans

September 17, 2022

, By Team SNFYI

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Fintech startup Cred will invest $10 million in peer-to-peer (P2P) non-banking financial company LiquiLoans, the two companies announced on Friday.

LiquiLoans is a lending platform that connects borrowers and lenders through technology. It eliminates the margins charged by traditional banks and NBFCs in the process. Cred will take a 5-6% stake in the company, valuing it at around $200 million. Cred users could ‘invest’ their savings in a capital pool, which would then be used to lend to customers looking for personal loans on the platform. As part of the agreement, LiquiLoans, which claims to have been profitable since its inception, will explore a strategic relationship to strengthen its technology capabilities.

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Fintech startup Cred will invest $10 million in P2P non-banking financial company LiquiLoans

September 17, 2022

, By Team SNFYI

Fintech startup Cred will invest $10 million in peer-to-peer (P2P) non-banking financial company LiquiLoans, the two companies announced on Friday.

LiquiLoans is a lending platform that connects borrowers and lenders through technology. It eliminates the margins charged by traditional banks and NBFCs in the process. Cred will take a 5-6% stake in the company, valuing it at around $200 million. Cred users could ‘invest’ their savings in a capital pool, which would then be used to lend to customers looking for personal loans on the platform. As part of the agreement, LiquiLoans, which claims to have been profitable since its inception, will explore a strategic relationship to strengthen its technology capabilities.

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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Residents in Dubai can get free bread from vending machines

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FSDC members demand a fast-tracking decision decision on the legality of cryptocurrencies

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