22 March 2018, India:
P2P lending firm i2iFunding.com has raised ₹5 crore in a funding round. The funding round was led by SucSEED Venture Partners, serial entrepreneur and investor Manish Poddar and a group of Angel Investors.
The company will use the fresh capital to strengthen its technology infrastructure and boost its geographical expansion.
“The opportunity is immense, India will save more than US$10 trillion over next ten years. We are developing the technology that can easily help to channel these savings to credit starved small borrowers. It is our mission to provide quick credit to small borrowers at appropriate interest rates. We will help the Government of India in its objective to further increase financial inclusion. The recent regulations by the Reserve Bank of India is a shot in the arm and we consider it as a strong endorsement of our mission. We will utilize the funds to develop user-friendly interface supported by cutting edge technology infrastructure based on big data for credit appraisal,” said Vaibhav Kumar Pandey, Co-Founder, www.i2iFunding.com.
“The dedication and consistent hard work of the entire team at i2iFunding has been extremely impressive and overwhelming which has drawn us towards them. The team has the right vision and strategy and has clearly demonstrated as being the thought leaders of the industry with several industry firsts to their name. The strong customer centric approach providing seamless and transparent user experience clearly shows the maturity of the founding team. We believe that i2iFunding is well placed to lead the P2P lending space in India supported by the recent RBI regulations which will help the industry achieve sustainable yet robust growth,” said serial entrepreneur and investor Manish Poddar.
“P2P lending has been progressing at a lightning pace in India. The recent RBI regulations clearly validates the business model and will propel the industry to grow explosively to the next level. I am extremely happy to be able to support and be a part of the tremendous journey which i2iFunding is overtaking to bring an evolution in the P2P Lending industry in India,” said director-strategy deployment at Flipkart, Saket Jain.
Saket added, “The dedication, maturity and consistent hard work of the entire team of i2iFunding has been extremely impressive which has drawn me towards them with trust and affirmation.”
i2iFunding was founded by Vaibhav Kumar Pandey, Neha Aggarwal, Manisha Bansal, Raghvendra Pratap and Abhinav Johary. It is P2P Lending Platform. It connects verified buyers looking for personal loans with investors looking for alternative investments.
(Image – i2iFunding)