Founder - Burn Inves... • 1m
P2P Lending in India Is Broken and No One Wants to Admit It 😔 The NPA rate in India’s P2P lending space has gone up a lot recently but strangely, many companies and investors are still turning a blind eye. Some platforms have even built their own credit scoring and risk assessment systems which frankly aren’t legally allowed. Yet they continue to operate like nothing is wrong. What is even more concerning is that a large number of borrowers on these platforms have credit scores below 600. And some companies aren’t even transparent about it they just hide that critical detail. The RBI has done a solid job tightening the rules for traditional banks but when it comes to P2P lending there are still loopholes companies are using to their advantage. And no matter how much we try to caution investors many just don’t want to hear it. Look, if someone is chasing higher returns there are safer high risk options like credit risk debt funds or even high yield bonds. Sure, you won’t earn a flashy 30% per year but at least the risk of total loss is lower. P2P lending right now just isn’t safe these platforms are trying to behave like banks without the same responsibilities or regulations and that is dangerous. I said the same thing back in 2024 most people walk away with losses in this space. Honestly, it’s even riskier than stock trading.
Founder - Burn Inves... • 8m
We reached out to many P2P platforms from January to July this year regarding their incorrect business models where they were not following P2P lending rules. They kept telling us that they were not doing anything wrong and were operating according t
See MoreBeing innovative • 7m
i have idea of creating an online platform that connects lenders directly with borrowers is similar to peer-to-peer lending (P2P lending). P2P lending has become popular in recent years as an alternative to traditional banking and NBFC loans. To mak
See MoreFounder - Burn Inves... • 1y
why the RBI isn't taking any action against P2P platforms for accepting lenders' money on their own balance sheets. According to RBI guidelines, P2P platforms cannot accept money on their own balance sheet or provide rapid liquidity to any lender, ye
See MoreFounder - Burn Inves... • 8m
Around 2021, many alternative investment platforms like P2P, asset leasing, co-owned real estate, etc., were growing rapidly. However, now the majority of these companies are struggling to attract even a single customer. As Indian investors are becom
See MoreBelieve in change • 5m
Hi Friends, Please upvote my idea “Hey Buddy” on startup showcase Hey Buddy is a peer-to-peer (P2P) general lending platform that will enable you to connect with the peers in your nearby area or across cities for lending and borrowing of items for d
See More"Turning visions int... • 4m
CRED CRED is a members-only credit card bill payment platform that rewards its members for clearing their credit card bills on time. CRED members get access to exclusive rewards and experiences from premier brands upon clearing their credit card bil
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