Faircent Raises $250K From Singapore's M&S Partners

It is estimated that India may be one of the biggest offline peer-to-peer (P2P) lending markets in the world as more than 50% of all credit is circulated amongst friends, families and communities. Online P2P lending is a new concept in India, a country dominated by banks. In the last few years, platforms like Lending Club in the US and Zopa in the UK have become popular and are disrupting traditional banking systems.

In the last couple of years, Indians have witnessed the emergence of pioneering technology-enab ...

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