Showing posts with label i lend. Show all posts
Showing posts with label i lend. Show all posts

I-Lend partners with Lenddo to expand its services

February 1 2016,  13.53 PM IST || Pocket News Alert

Hyderabad February 1, 2016: Hyderabad based i-lend, India’s leading peer-to-peer lending marketplace and Lenddo, the world’s leader in using non-traditional data for credit scoring and online verification, announced that they are entering into a strategic partnership. The two companies will work closely together to offer lenders using i-lend platform access to new sources of data to help them make better decision on their customers.

i-lend presently operating in Hyderabad has done over Rs. 90 Lakhs of disbursals through the online marketplace and with this tie-up plans to scale up its presence across the country to facilitate unsecured personal loans between Individuals to Individuals and Institution to Individuals. “While at i-lend we use borrowers’ financial data to assess his ability to repay loan, we believe that using social data to understand individual’s behavior and assessing their intention to pay is very crucial and gives us a better assessment of larger segment of borrowers.

Speaking on the occasion, Tie-up with Lenddo will help us reach out to borrowers who are otherwise not included in the financial system due to lack of credit history”, says Shankar, Founder at i-lend.

“India is a very important market for us and usage of non-traditional data to score and ensure financial inclusion of larger population is critical to India’s growth” Abhinav Haldia, Lenddo’s Country Director for the Indian Market explained. “Our tie-up with an innovative P2P lender like i-lend reinforces our commitment to a financially included India” he concluded. Lenddo also has tie-ups with existing large Banks & NBFCs.

I-Lend partners with Lenddo to expand its services

Read More » ties up with US based Jocata, a leader in Anti Money laundering and Fraud Control Technologies

November 24, 2015,  17.52 PM IST || Pocket News Alert

•        Jocata will provide comprehensive customised KYC solution to verify borrowers online

Hyderabad, November 24, 2015: Hyderabad based i-lend, India's first and leading online peer-to-peer platform, connects borrowers who are in need of money to lenders who are ready to lend. Launched as an initiative of Dipamkara Web Ventures Private Limited, i-lend helps borrowers get loans at lower rates and lenders get better returns from mutually beneficial transactions between them.

i-lend has tied up with US based Jocata, a leader in Anti Money laundering Fraud control Technologies. Jacota has built a comprehensive KYC solution to suit the requirements of i-lend, which will help i-lend verify borrowers online in a span of 30 minutes. i-lend is the first company that has implemented such a model of quick and comprehensive verification.

Speaking on the occasion, Mr. VVSSB Shankar, Founder, said: “i-lend will be using this application to assess the borrowers KYC in few minutes and approve the loan requests. Joining with Jacota adds to our strength & allows us to offer quick services to the borrowers” and reinforces our commitment to providing cutting edge tech processes in the P2P lending space.
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