Mr. Raghavendra Pratap Singh, Co-Founder of i2i Funding, India’s second largest Peer-2-Peer Platform connecting borrows with the investors based in Noida. Leading the product development and marketing team, Mr. Raghavendra has been instrumental in streamlining and executing the progression strategy of the firm. With many milestones to its credit, i2i funding is ready to scale new height of growth and expansion in coming years. Here is the candid interview of Mr. Raghavendra Pratap Singh where he talked about his future plans, growth strategy and the future of i2i funding with Mamta Sharma of Small Enterprise Magazine!
Give us some background information about i2ifunding? What is the business model of the company?
i2ifunding is a leading peer to peer lending platform in India which has grown rapidly since its inception in Oct 2015. It has five co-founders(Raghavendra Pratap Singh, Vaibhav Kumar Pandey, Neha Aggarwal, Manisha Bansal and AbhinavJohary), with diverse but complementary skills. We, at i2i Funding, started working on the said concept in late 2014 and launched the first version of this platform in Oct 2015.
i2ifunding connects verified borrowers seeking unsecured loans from investors spread across India who are willing to fund them. i2i provides an attractive investment option to investors and affordable personal loans to genuine borrowers.
i2ifunding offers full-fledged technology driven Peer to Peer lending platform which can manage end to end loan cycle seamlessly. It provides assistance to qualified borrowers to get funds without the constraints of traditional banking system.
How did you start this P2P platform? What was the purpose of establishing this company?
We were always looking for an idea which creates value and benefits a large population. We came across a situation during our corporate stint, where we saw one of our colleagues borrowed money from money lenders at a monthly interest rate of 4%, to meet some urgent financial requirement, because his personal loan request was rejected by Bank. This case left us thinking about creating something which can help people meet their financial requirement at genuine interest rate without really squeezing them. This is how we started working on the concept of i2ifunding.
The need to provide an additional option to people to meet their financial requirement at genuine interest rate was the reason forus to come up with such a unique platform.
How many investors and borrowers are associated with i2ifunding to date?
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