LenDenClub: Innovation Navigates, Tech Accelerates

Bhavin Patel is skillfully leading LenDenClub to tap the growing credit opportunities across India and Bharat:

Bhavin Patel has introduced manual lending to give lenders personalized and precise control over their decisions

The India P2P lending market is projected to reach $10.5 billion by 2026, according to the forecast for the Indian P2P Lending Market (20242030) report, which highlights a robust CAGR of 21.6% during the forecast period from 2021-2026. As of now, the industry size stands at around $8-8.5 billion. LenDenCLub has achieved a disbursement figure of $1.78 billion. It successfully served over 1 million merchants, representing a significant portion of the industry’s 3 million merchants.

LenDenClub has achieved CAGR of approximately 50% over the past 3 years. Bhavin says: “We generate a significant amount of business from the southern, northern, and western regions, showcasing our extensive national presence. We offer a variety of products tailored to meet diverse needs, including instant personal loans for salaried professionals, smallticket loans for small businesses, and merchant loans specifically designed for small enterprises.”

MERCHANT LOANS

The company has developed and scaled its merchant loan product in close collaboration with major payment companies. These loan product offerings cater to a wide spectrum of customers, enhancing the company’s ability to serve various segments effectively and drive continued growth. Bhavin shares: “NPAs at LenDenClub’s P2P lending platform stand at 3.05% as of August 2024. The figure has been stable over the past 24 months, which demonstrates the platform’s stability.”