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Matrix Partners invests in P2P lending platform LiquiLoans

Mumbai based peer to peer lending platform LiquiLoans, one of the few players to have secured a P2P license, has now secured an undisclosed amount of funding from some of the existing investor that is Matrix partners India.

The round was also participated by the Ashutosh Taparia, Abhishek Dalmia, Anuj Golecha, Jitendra Punjabi, Kunal Shah, and others.

LiquiLoans operated and owned by the NDX P2P Pvt Ltd, which connects the individual’s lenders to retail borrowers with the help of a technology platform.

LiquiLoans was started early last year by the Achal Mittal and Gautam Adukia, two of the four founders of the furniture and home appliances rental marketplace RentoMojo.

The fintech startup provides both the consumer as well as personal loans. It says that it is charging zero upfront fees and promises the same day approval as well. The amount gets disbursed to the borrower account within the next 12 hours, according to the company website.

Avnish Bajaj, founder, and managing director, Matrix Partners India, said, “P2P lending is an emerging sector in India, and we believe it will play an integral role in shaping the Indian consumer credit market in the near term.”

Picture Credits: LiquiLoans

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