Vakrangee Partners with LenDenClub to Launch P2P Lending Network Wide

Vakrangee Limited (VL) has partnered with P2P lending platform LenDenClub to offer borrowing and lending on its 11,900 Nextgen Vakrangee Kendras network.

While clients can now benefit from instant personal loans, they can also invest their savings in pooled capital, which will then be used to lend to other clients on the platform looking for personal loans.

With this partnership, LenDenClub envisions accelerated customer growth, especially in regional markets.

Customers can avail instant personal loans at any of the nearest Kendra’s among 19,000 PINs in the country for a wide variety of services such as online shopping, purchase of agricultural products or health services. As a result, borrowers can instantly benefit from hassle-free digital loans even if they are located in a remote part of the country.

Dinesh Nandwana, Group Managing Director and CEO, Vakrangee Ltd. said, “With this partnership, we have strategically added a lending and borrowing platform to our Nextgen Kendras, making it a one-stop-shop for all of our clients’ borrowing needs. “

Bhavin Patel, Co-Founder and CEO of LenDenClub, said: “Our new partnership with Vakrangee will help break through and expand P2P lending services to a large part of the population residing in the most remote areas of the country, which is otherwise outside the formal credit sector. . We are delighted to tap into Vakrangee’s extensive network and contribute to the country’s growth story. “

Posted on: Thursday October 07, 2021 6:11 PM IST

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