Ledger startups pin hopes on P2P to realize lending dreams

As digital bookkeeping and ledger startups firm up their lending and banking plans with VC money, they are targeting peer-to-peer lending and working capital loans as the two major credit opportunities. But other startups too are vying for the same opportunities



Pratik Bhakta

September 28, 2021

9 Min Read

As digital ledger startups grab center stage in the hyperactive venture funding environment in the country, they are looking at innovative means of building financial services on their platforms.

From Flobiz, which recently raised $31 million from Sequoia Capital and Think Investments, to Khatabook, which raised $100 million from Tribe Capital and Moore Strategic Ventures at a valuation of $600 million, digital ledger startups are pitching financial services as the means to creating a sustainable business model in this segment.

But traditional channels of sourcing credit are becoming expensive and fiercely competitive. Reason why these technology-enabled startups are looking to peer-to-peer lending, with an ultimate aim is to provide working capital loans to small businesses on their platforms.

Inspired by the P2P models built by Unicorn fintechs BharatPe (12% Club) and Cred (Cred Mint), these startups are looking to create an ecosystem where merchants using their platforms can lend their excess cash to other merchants seeking funds for business growth, said two sources aware of the developments.




As a premium subscriber, you will get access to 3+ premium articles a week
Limited time offer
Launch price
/ Year
INR 3,999
Save 40% with our launch offer.
Please apply the code at checkout.

copyCopy Code

Upgrade Now



As a premium subscriber, you will get access to 3+ premium articles a week

Smart Information, Better Decisions

We report on the latest and most important developments in India’s biggest tech companies and also disruptive startups so you can make better decisions.

Seasoned Team

Tracking the highs and lows of India’s biggest internet companies over the past decade has given us access to the right decision-makers to interpret the latest state of play.

Inside View with Org Charts

Know the key decision-makers with Org Charts. We thrive on decoding boardroom conversations so we can bring you a 360° view of what's happening at India's high-growth companies.

Filtering the Noise

New economy companies cannot always be evaluated using traditional methods. We analyze the relevant metrics, ask the tough questions to get you the right picture

For subscribers only

Premium Reads


View More >>

Deeply reported and objective news on the country´s fastest-growing companies and the people behind them.