Why liquid schemes of P2P lenders are set to hibernate
Decision to temporarily freeze these schemes comes in the wake of increased scrutiny by RBI.
Source: livemint.com
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Peer-to-peer lending: P2P companies go easy on partnership business as RBI sounds alert
According to the founders of several of these lending platforms, given that the Reserve Bank of India is scrutinising the sector, they are adopting a “wait-and-watch” policy before stitching these deep integrations. P2P platforms LenDenClub and Liquiloans led the partnership game by working closely with fintechs like Cred and BharatPe to source borrowers and lenders.
Source: indiatimes.com
Monexo Investors Beating Inflation with 13 Per cent Pa Returns
Chennai (Tamil Nadu) [India], May 5 (ANI/BusinessWire India): Monexo Fintech Private LTD, an RBI licensed peer to peer digital lending marketplace has launched its simple paperless digital app that enables investors to earn 13 per cent pa and beat inflation.
Source: webindia123.com