PeerLend
PeerLend (FincSquare Fintech Private Limited) is an RBI-registered NBFC-P2P online marketplace that matches individual lenders and retail borrowers for short-term personal loans in India, earning revenue via transaction-based registration and take-rate fees.
- Company typePrivate
- Founded2015
- HeadquartersHyderabad, India
- Headcount11–50
- GTM typeB2C
- OfferingServices
What PeerLend does
PeerLend (operated by FincSquare Fintech Private Limited) is an RBI-registered NBFC-P2P online marketplace that matches individual lenders and borrowers for short-term personal loans in India. Founded in March 2015 by Sanjay Darbha and headquartered in Hyderabad, the platform facilitates loans ranging from Rs.20,000 to Rs.10 lakhs at diminishing interest rates of 14%-36% over tenures of 1-24 months. All fund flows are routed through escrow accounts at IDBI Bank, and the company integrates CIBIL for credit reporting and Google Sign-In for onboarding. The platform offers both a web interface (peerlend.in) and a cross-platform mobile app (PeerLendMobileApp), along with an EMI calculator tool, a Manual Invest mode for hands-on lender selection, and a Quick Invest mode for automated borrower matching.
Underlying technology includes a proprietary multi-factor credit assessment system (KYC, income/expense verification, CIBIL evaluation, work-experience and loan-purpose checks), ECS mandate management for EMI collections, and user dashboards for loan tracking and borrower-lender messaging. The platform is ISO 27001 certified and operates under RBI's NBFC-P2P framework with a Fair Practices Code and Grievance Redressal Mechanism.
PeerLend earns revenue through transaction-based fees: lenders pay a Rs.1,500 registration fee, a 2% service fee on funded loans, and an additional 4% per EMI as processing fees, while borrowers pay a Rs.600 registration fee, a 3.5% retainer fee on accepted loans, and Rs.500 late-payment fees. An optional term-insurance product (Rs.100-Rs.1,100 per Rs.1 lakh based on age) adds a managed-services revenue stream. Customer acquisition is primarily organic — content marketing via blog, social channels, video, an EMI calculator lead-gen widget, and word-of-mouth — and the customer base consists of long-tail individual borrowers (salaried, micro-business) and retail lenders seeking 10%-25% returns as an alternative to bank deposits. No institutional capital, venture funding, or disclosed revenue is present in the source material.
PeerLend firmographics
Firmographics- Name
- PeerLend
- Legal name
- FincSquare fintech Private Limited
- Website
- https://peerlend.in
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- PeerLend (FincSquare Fintech Private Limited) is an RBI-registered NBFC-P2P online marketplace that matches individual lenders and retail borrowers for short-term personal loans in India, earning revenue via transaction-based registration and take-rate fees.
- Ownership category
- akta.pro rank
PeerLend industry classification
Industry- Product category
- Peer-to-Peer Lending
- NAICS
- Mortgage and Nonmortgage Loan Brokers (52231), Nondepository Credit Intermediation (5222), Credit Intermediation and Related Activities (522)
- SIC
- Loan Brokers (6163), Personal Credit Institutions (6141)
- akta.pro primary industry
- Consumer P2P Personal Loans (Unsecured) (FSAKAHAA)
- akta.pro secondary industries
- P2P Loan Servicing & Collections (Marketplace-Specific) (FSAKAHAN), P2P Debt Consolidation & Refinancing (FSAKAHAB)
Keywords
Where PeerLend is headquartered
LocationHeadquarters
- HQ city
- Hyderabad
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
PeerLend business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Lender Service Fees: Lenders pay a one-time registration fee of Rs.1,500 plus Taxes to join the platform. Additionally, lenders pay a 2% service fee on the loan amount at the time of loan acceptance. An additional 4% of each EMI is collected as installment and EMI processing fee till loan closure.
- Borrower Retainer Fees: Borrowers pay a one-time registration fee of Rs.600 plus Taxes. A retainer fee of 3.5% of the loan amount is charged only when a lender accepts the loan offer. Late payment fees of Rs.500 plus Taxes are charged for delayed EMI payments.
- Insurance Fees: PeerLend facilitates term insurance for borrowers, with fees ranging from Rs.100 to Rs.1,100 per Rs.1 lakh of loan amount based on borrower age, to cover outstanding loan in case of borrower demise.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Lender Registration and Service Fee |
| Transaction based/ take rate | Pay-as-you-go | Borrower Registration and Retainer Fee |
| Unit Pricing | Pay-as-you-go | Insurance (Optional) |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
PeerLend product offering
Product offeringCore offering
PeerLend operates an RBI-registered NBFC-P2P online marketplace that matches individual lenders with individual borrowers for personal loans in India. Borrowers register, undergo multi-factor credit assessment (KYC, CIBIL, income verification), post loan requests; lenders register, browse borrower profiles, and fund selected loans. All fund flows are routed through IDBI Bank escrow accounts, with EMI repayments collected via ECS mandates. Loan sizes range from Rs.20,000 to Rs.10 lakhs across tenures of 1–24 months with interest rates from 14% to 36% (diminishing).
Product overview
PeerLend operates as a unified P2P lending marketplace consisting of a web-based platform and mobile application (PeerLendMobileApp). The core offering is a digital marketplace connecting lenders with borrowers for personal loans ranging from Rs.20,000 to Rs.5,00,000 (or up to Rs.10 lakhs per FAQ). The platform includes two distinct investment modes: Manual Invest for hands-on portfolio building and Quick Invest for automated matching. An EMI Calculator tool helps users estimate loan costs. Loan terms span 1-24 months with interest rates between 14%-36%. The platform charges different fee structures for lenders (2% service fee, Rs.1,500 registration) and borrowers (3.5% retainer fee, Rs.600 registration). All transactions are processed through IDBI bank escrow accounts.
Differentiator
Problem solved
Functional benefit
Products and services
- PeerLend P2P Lending Platform Online RBI-registered NBFC-P2P marketplace that matches individual lenders seeking better returns (10%–25%) with individual borrowers seeking personal loans (Rs.20,000–Rs.10 lakhs) at competitive rates (14%–36% diminishing). Includes multi-factor credit assessment, escrow-based settlement through IDBI Bank, ECS-based EMI collection, and dashboards for transaction monitoring.
- PeerLendMobileApp Cross-platform mobile application (iOS and Android) enabling PeerLend lenders and borrowers to access the P2P marketplace, manage accounts, view loan listings, monitor portfolios, and track loan payments on mobile devices.
- Term Insurance (facilitated) Optional term insurance coverage facilitated by PeerLend for borrowers, with fees ranging from Rs.100 to Rs.1,100 per Rs.1 lakh of loan amount based on the borrower's age, designed to cover the outstanding loan in the event of borrower demise.
Quantifiable outcome
- Interest rates range from 14% to 36%
- +4 more outcomes
Companies that use PeerLend
Customer profileNamed customers9 records
Segments2 records
Ideal customer profiles2 records
PeerLend technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature4 records
PeerLend partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- IDBI BankcoreIDBI Bank serves as the escrow banking partner for PeerLend. All fund transfers between lenders and borrowers, including loan disbursements and EMI repayments, are processed through escrow accounts set up at IDBI bank. This ensures secure handling of funds and provides an additional layer of trust and security for both parties in the P2P lending transactions.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
PeerLend competitors and assessment
Company assessmentDirect peers
- Faircent: Faircent is one of India's largest and earliest RBI-registered NBFC-P2P lending platforms, directly comparable to PeerLend in matching individual lenders with borrowers for personal loans. Both platforms operate under the same RBI regulatory framework and compete for the same lender and borrower segments in India.
- LenDenClub: LenDenClub (operated by Innofin Solutions) is a leading RBI-registered NBFC-P2P platform in India offering personal loans to borrowers from individual lenders. It is a direct competitor to PeerLend with similar fee structures, borrower screening, and product offerings.
- i2iFunding: i2iFunding is another RBI-registered NBFC-P2P platform in India facilitating personal loans between individual lenders and borrowers. It directly competes with PeerLend for the same customer segments with similar loan sizes, tenures, and target borrower profiles.
- Monexo (L&T Finance P2P): Monexo is an RBI-registered NBFC-P2P lending platform, with backing from L&T Finance Holdings. It offers similar P2P personal loan products comparable to PeerLend, operating within the same regulatory framework.
- IndiaMoneyMart: IndiaMoneyMart operates as an online P2P lending marketplace in India connecting borrowers and lenders, positioning it as a direct competitor to PeerLend in the consumer P2P lending space.
- Finzy: Finzy is an India-based P2P lending platform that intermediates personal loans between individual lenders and borrowers under RBI's NBFC-P2P framework, comparable to PeerLend's marketplace model.
- Liquiloans: Liquiloans is an RBI-registered NBFC-P2P platform focused on facilitating loans between individual lenders and borrowers in India. It operates within the same regulatory category and competes for the same lender capital and borrower demand as PeerLend.
Broad incumbents
- Cashkumar (now Olyv): Olyv (formerly SmartCoin/Cashkumar) is a broader Indian fintech lending platform offering personal loans and digital credit products through mobile-first channels. While not exclusively a P2P marketplace, it competes for similar small-ticket, quick-disbursement personal loan demand that PeerLend targets.
- MoneyTap: MoneyTap is an India-based digital lending app providing personal loans and credit lines through partner NBFCs. While it operates a broader consumer lending model rather than pure P2P, it overlaps with PeerLend in serving consumers seeking quick small-ticket personal loans via digital channels.
Emerging players
- CredRight: CredRight is an emerging Indian fintech operating in P2P lending with a focus on specific borrower segments (often small business and consumer). It represents an emerging participant in the same regulatory category and adjacency as PeerLend, though with somewhat different product orientation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
PeerLend social profiles
Digital presencePeerLend compliance and trust
Trust signalCompliance1 record
PeerLend financial estimates
Financial estimateRevenue estimate
Valuation estimate
PeerLend leadership team
Management profileNumber of profiles
Profiles12 records
PeerLend funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PeerLend M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PeerLend
What does PeerLend do?
PeerLend operates an RBI-registered NBFC-P2P online marketplace that matches individual lenders with individual borrowers for personal loans in India. Borrowers register, undergo multi-factor credit assessment (KYC, CIBIL, income verification), post loan requests; lenders register, browse borrower profiles, and fund selected loans. All fund flows are routed through IDBI Bank escrow accounts, with EMI repayments collected via ECS mandates. Loan sizes range from Rs.20,000 to Rs.10 lakhs across tenures of 1–24 months with interest rates from 14% to 36% (diminishing).
Is PeerLend a public or private company?
PeerLend is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was PeerLend founded?
PeerLend was founded in 2015. It employs 11 to 50 people.
Where is PeerLend based?
PeerLend is headquartered in Hyderabad, India, in the Asia region.
How does PeerLend make money?
Three revenue lines are on record. Lender Service Fees are the primary driver. The others are borrower Retainer Fees and insurance Fees.
Who are PeerLend's main competitors?
Direct peers on record are Faircent, LenDenClub, i2iFunding, Monexo (L&T Finance P2P), IndiaMoneyMart, Finzy and Liquiloans. Broad incumbents are Cashkumar (now Olyv) and MoneyTap. CredRight is listed as an emerging player.
Does PeerLend have an API?
No public API is recorded for PeerLend.
What industry is PeerLend in?
PeerLend's product category is Peer-to-Peer Lending. Its primary akta.pro industry code is FSAKAHAA, Consumer P2P Personal Loans (Unsecured), with a secondary code of FSAKAHAN, P2P Loan Servicing & Collections (Marketplace-Specific). Its NAICS code is 52231 and its SIC code is 6163.