The regulator had sent out fresh emails to a few platforms last week as many continue to flout the legal conditions laid out in the P2P-NBFC master circular.
As financial literacy is becoming more widespread, the market for technological solutions in the realm of personal finance is growing. Let s explore five startup opportunities in this industry and why they present promising prospects for new innovative early-stage ventures.
Put simply, P2P lending, or social-lending, leverages financial technology to allow people to lend or borrow money from one another without going to banks or financial institutions. LenDenClub connects lenders and borrowers.
India's central bank has told peer-to-peer lending platforms to halt certain activities after inspections found rule violations and misleading sales practices, four sources with direct ..