According to a report by Boston Consulting Group (BCG), the fintech space has witnessed an explosive growth in the recent years and digital lending industry is expected to touch $1 trillion over the next five years.

As the government is focusing on digitizing India, the number of online users in the country is set to grow, creating a new market for the growing industry.

Here is a comprehensive list of top 10 P2P lending startups in India:

Faircent

Faircent is a Gurugram-based P2P lending platform, founded by Nitin Gupta, Rajat Gandhi, and Vinay Mathews in 2013. It is one of the first P2P lending platforms to start operations in the country. It connects the borrowers and lenders directly, eliminating intermediaries to provide better rates for both.

It last raised $4 million in a series B funding from Muthoot Fincorp and Incofin Investment Management in December 2017.

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