Faircent.com aims at Rs 2,000 cr biz in 3-4 years
Peer-to-peer lending facilitator Faircent.com is eying business transactions worth Rs 2,000 crore in three to four years on rising demand for loans in the country.
"We are looking at closing this financial year with business transactions at Rs 50 crore. Next year, we are looking at around Rs 200 crore (2017-18). And then we are looking at around Rs 2,000 crore of business transaction. In next three to four years we want to reach there," Rajat Gandhi Founder and CEO Faircent.com said.
Besides, it will bring the overall interest rates down by about 2-4 per cent in the industry, he said .
To read full story click on links below:
http://www.moneycontrol.com/news/business/faircentcom-aims-at-rs-2000-cr-biz3-4-years_6930141.html
Related Articles
-
P2P entities change tack in bid to become NBFCs
Jun 18, 2018
-
Will online lending platforms survive when banks wake up from slumber?
Feb 20, 2018
-
The case for alternative lending: benefits for those putting up the money to lend
Jul 29, 2019