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Best Indian P2P startups of 2022

Over the past few years, where the global economy nosedived because of COVID-19, a business has made tremendous strides in terms of market cap growth and the return on investment opportunity it ensures. The Peer-to-Peer (P2P) Lending business provides a 12-14 percent return on average.

According to data from P2P lending site LenDenclub, 4,50,000 new lenders joined the network in FY21, compared to 50,000 at the end of FY20. With this, the total number of registered lenders on its platform surpassed 5 lakh, a 900 percent increase in a year. At the end of FY21, Faircent, India's first P2P lending platform to be granted an NBFC-P2P license by the RBI, had 2 lakh lenders. In FY21, the platform disbursed Rs 1,145 crore in loans, up from Rs 920 crore in FY20, a 24 percent increase. As of today, the overall loan book stands at Rs 2,250 crore.

India's FinTech industry, according to Boston Consulting Group, is on the verge of enormous profit maximization. By 2025, the industry is anticipated to be worth USD 150-160 billion.

So, what exactly is this peer-to-peer (P2P) industry, and why is it so profitable?

Peer-to-Peer (P2P) Lending

The crowd-funding model underpins the peer-to-peer lending paradigm. Peer-to-peer (P2P) lending allows individuals to obtain loans directly from other individuals, avoiding the financial institution as a middleman. Due to websites that make it easier for consumers to conduct P2P lending, it has gained traction. Peer-to-peer lending has been nicknamed "Social lending" or "crowdlending".

Why P2P?

Borrowers who use peer-to-peer (P2P) lending can get loans at cheaper interest rates than they would get from traditional lenders like financial institutions and banks. Most financial service providers do not charge any fees when investors offer money to borrowers directly through a P2P platform. Thus, both parties benefit from this model.

Top P2P Companies in India

Let's have a look at the top P2P companies in India and assess their performance and prospects for growth.


Lendbox is one of India's most popular peer-to-peer lending websites. Headquartered in New Delhi, Lendbox is an RBI-certified Non-Banking Financial Company-P2P organization founded in 2015. With roughly 50,000 registered investors and 2,00,000 registered borrowers, it has enabled investors to achieve previously unheard-of profits.

Lendbox intends to revolutionize the personal loan sector in India with a team of young and energetic experts that have joined together from various backgrounds. With an average return of 24 percent, it is an effective tool for multiplying your money and establishing a steady passive income.


Faircent is among the oldest P2P players in India. It was the first peer-to-peer (P2P) lending platform in India to get a Certificate of Registration from the Reserve Bank of India as an NBFC-P2P. Faircent is a Gurugram-based P2P lending network launched in 2013 by Rajat Gandhi, Nitin Gupta, and Vinay Mathews. has a vast marketplace of over 1.5 lakh lenders to meet the funding needs of credit-worthy borrowers.

Faircent introduced Anti Lockdown Loans in April 2020. It was a unique loan product designed to help businesses stay afloat during the Coronavirus pandemic.


Lendingkart is one of the leading AI-based FinTech startups. It employs Artificial Intelligence (AI) technology to efficiently and precisely assess creditworthiness to connect borrowers with lenders. Lendingkart is a FinTech startup based in Ahmedabad that was launched in 2014 by Harshvardhan Lunia and Mukul Sachan.

This fintech firm strives to make credit more accessible to people and small and medium-sized enterprises. The company operates and provides services in over 4000 cities across India, helping over 1,50,000 businesses.


LenDenClub is among the fastest-growing P2P players in India. LenDenClub is a Mumbai-based peer-to-peer lending company started in 2015 by Bhavin Patel and Dipesh Karki. It is a technology-driven platform that allows borrowers to connect directly with lenders, bypassing intermediaries and lowering expenses.

Having more than 10 lakh investors, the organization has disbursed loans worth roughly ₹2000 crores to more than 25 lakh borrowers.

You may expect a per annum return on investment of 12% with LenDenClub.


RupeeCircle can be categorized as a highly successful AI-based FinTech startup. Ajit Kumar, Abhishek Gandhi, Ashish Mehta, and Piyush Saurabh launched RupeeCircle, a Mumbai-based financial firm, in January 2018. In comparison to traditional financial institutions, it uses cutting-edge technology to offer lower interest rates on loans. By eliminating intermediaries, it also delivers larger profits to lenders.

RupeeCircle has disbursed loans worth ₹ 34.7 crores to 1.7 lakh registered users. The average per annum returns on investment stand at 24%.

Capital Float

Capital Float is India's leading Buy Now Pay Later and credit marketplace, catering to both salaried and self-employed individuals. It was founded in 2013 by Gaurav Hinduja and Sashank Rishyasringa. It is an AI-based FinTech startup that blends AI technologies with human experience to make risk assessment and marketing easier. Capital Float is certainly working towards being the top P2P company in India.

To better target clients, Capital Float deployed AI models in its marketing initiatives. They bought Walnut, a popular personal finance management software, in 2018, which propelled them even further into the credit-solutions market. Personal lending (through Walnut), business financing (including short-term loans for small businesses), and their Buy Now Pay Later platform are currently offered by Capital Float.

Future for FinTech and P2P companies in India

The Indian FinTech scene has been irrevocably transformed by peer-to-peer (P2P) lending. Every Indian now has easy access to immediate finance. As a result, India is rapidly becoming a credit-inclusive nation, while also providing investors with one of the most promising asset classes. In this regard, of all the recent FinTech disruptors, peer-to-peer lending is by far the most inventive.

The rate of expansion of top P2P companies in India is increasing competition and creating new and improved standards. Peer-to-peer lending's success will inevitably leave its competitors obsolete.

If you want to navigate the FinTech industry and want FinTech solutions for your startup, visit

SynergyLabs is a cutting-edge technology consulting firm that specializes in the development of enterprise-grade solutions, including ready-to-deploy PODs for fintech startups. Founded in 2017, it is a well-funded firm assisting FinTech companies in accelerating their growth by providing solid and scalable solutions. It offers services in BFSI (Banking, Finance, and Insurance), logistics, retail, and telecom.

If you are a startup or an enterprise in FinTech that is looking to develop new-age solutions drop us an email at to know more about what we can do for you.

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