Faircent uses fintech, analytics and automation to bring individual borrowers and lenders on the same platform

Avinash Kumar, a Noida-based medical practitioner, wanted to set up his own clinic. Being a first-time borrower, he was unaware of the procedures to have a loan approved. Faircent.com, a Gurugram-based online peer-to-peer (P2P) lending platform, extended its services to the doctor. “They helped me through the procedure and provided information at every step.

The follow-up was really good,” says Kumar. Founded by Rajat Gandhi and Vinay Mathews, Faircent was launched in 2014. The P2P platform leverages financial technology, analytics and automation technologies to ...