Categories: Tech & Society

P2P Lending Platform i2iFunding Receives RBI Nod

India’s second largest Peer-to-Peer lending platform, i2ifunding.com has announced that they have received their Certificate of Registration (CoR) as NBFC-Peer to Peer Lending Platform (NBFC-P2P) from Reserve Bank of India (RBI).

According to RBI’s Master Directions issued in 2017, each player in P2P lending platforms are required to register as a Non-Banking Financial Company (NBFC-P2P). Backed by SucSEED Venture Partners and angel investors comprising industry veterans, i2iFunding is one of the top players in the P2P lending market sector with more than 80,000 registered users.


P2P Lending Startup i2i Funding Helps Break Away from Traditional Banking


Raghavendra Pratap Singh, co-founder of i2iFunding, said “We are thrilled to receive the certificate. We are now officially an NBFC-P2P. This is a testament of hard work we have put in last two and half years to create one of the most innovative and customer-centric Peer to Peer Lending platforms in India. This certification will certainly boost credibility of our platform and will help us increase our penetration across India.”

He further added, “This will also help us to become the most trusted source of formal credit for the underserved borrowers especially small businesses. At the same time, our technology led robust process will ensure robust loan quality helping the lenders earn attractive returns. The RBI has put us at par in the financial services ecosystem.”

Gaining an approval from the RBI is a significant positive development for i2iFunding, because it marks the firm as a secure means of investing in this recently booming fintech space. i2iFunding, which started with loan amounts of INR 10-15 lakhs per month, are now doing INR 1.5 crore per month. Currently, with around 50,000 registrations for borrowers and around 5,000 for investors, the firm can expect more business to flow in after receiving the okay from RBI.  The company adds about 400-500 new investors per month. So far, the company has disbursed over 900 loans of over INR 13 crores.


P2P Cryptocurrency Lending is Rising in China


Vaibhav Pandey, another co-founder of i2iFunding, added, “Since inception, our focus has been providing superior customer experience through technology driven innovations. We are doing amazing stuff in automating the end to end process from origination, credit evaluation to loan monitoring till closure. Ours is a fully data driven process. Our strong loan quality and customer service have helped us earn strong trust of our lenders. All loans made live on our portal get funded within few hours.”

P2P lending is growing at a fast pace in India and is expected to become a USD 4-5 billion industry by 2023. Through P2P lending, millions of people from the underserved sections of the country will have easy access to credit. With RBI regulations in place, now only registered and credible players are operating in this space, a boost for the sector.

Navanwita Bora Sachdev

Navanwita is the editor of The Tech Panda who also frequently publishes stories in news outlets such as The Indian Express, Entrepreneur India, and The Business Standard

Recent Posts

With India’s tech sector on track to surpass $300 billion, what’s next for AI in the country? 

The first quarter of 2025 saw incredible growth from India’s tech sector. In fact, industry…

14 hours ago

The role of AI in redefining the future of corporate gifting

Business gifting has been around for a long time as a gesture of appreciation, goodwill,…

22 hours ago

DeepSource’s new autonomous AI agents promise to scan, fix code security vulnerabilities

As artificial intelligence (AI) continues to progress exponentially, the future of industries like software engineering…

4 days ago

Retail’s Return Rate Crisis: The Urgent Need for Proactive Solutions

The average return rate in eCommerce is estimated at 17.6% for 2024. Nearly 1 in 5 products…

5 days ago

AI Launches: Cybersecurity, AI Agents, product specs, business operating system, automobile, consumer & MSME lending, cloud, data streaming

The Tech Panda takes a look at recent launches in the superfast field of Artificial…

6 days ago

As India’s tech sector on track to surpass $300 billion, CEO of Ness shares insights into AI’s important role 

The tech sector in India has been going from strength to strength in recent years.…

6 days ago