Mumbai, January 15, 2019: PaisaDukan.com, a Peer-to-Peer (P2P) lending marketplace owned by Mumbai based NBFC-P2P Company, BigWin Infotech Private Limited today announced the third round of seed funding and secured another USD 235K through an Angel Investor. The company had already raised USD 650K of seed funding in the month of April 2018 and USD 225K as the second round of seed funding in the month of May 2018. This round of funding takes the company to the total Seed investment of USD 1.11M till date.
BigWin Infotech Private Limited is the first new entrant to receive Certificate of Registration (CoR) from the Reserve Bank of India (RBI). The company is now classified as NBFC-P2P Company in the market. PaisaDukan.com, its digital lending marketplace, got live in a record period of 56 days out of the allotted 365 days, in the month of July 2018.
Commenting on the recent funding, Mr. Rajiv M Ranjan, Founder & CMD of PaisaDukan said “Infusion of Additional Seed funding has showcased investors’ confidence on our platform, operations management and business strategy. This is the first round of funding after we received the NBFC-P2P CoR from the Reserve Bank of India (RBI) in July 2018. The current round of funding will boost the company’s progress and will help in hiring experienced key resources and expand our technology workforce. In the Last five months of operations, we have been able to manage at 0% NPA on our platform.”
“We are also in discussion with a couple of VCs who have shown interest for pre / ‘A’ series funding,” added Mr. Ranjan.
Founded in November 2017 by Rajiv Ranjan, PaisaDukan is a P2P lending marketplace platform wherein borrowers can take loans from investors (lenders) who are willing to lend their own money for an agreed upon interest rate. The company’s mission is to provide their clients with the finest financial platform to create a smart way of lending or borrowing money in a transparent way.
Corporate Comm India(CCI Newswire)