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RupeeCircle is the first P2P lending company to get RBI NBFC-P2P license in 2019

Emerging as India’s most trusted Peer-to-Peer lending platform


Mumbai, January03, 2019: RBI has released one of its first NBFC-P2P license of 2019 to RupeeCircle (M/s Fintelligence Data Science Pvt. Ltd.), an emerging fintech leader run by alumni of IIT Bombay & IIM Ahmedabad. Customers who have limited or no credit history will now be able to avail personal loans without any collaterals up-to INR 10 lacs.

Starting operations in 2017, RupeeCircle has grown from 5 to 50+ employees within one year of operation with INR 20 million worth of loan disbursed to under-banked individuals. RupeeCircle’s online Peer-to-Peer (P2P) lending marketplace leverages machine learning & data science to connect borrowers with lenders looking forward to excellent returns on their investments. Majority of the customers use completely digital means to avail loans or invest money while more than 40% borrowers use the android/iOS mobile app to avail the services.



Backed by a seed fund of INR 55 million from Mahindra Finance, Oracle Global Startup Ecosystem & other marquee investors, RupeeCircle has been able to register 5000+ customers over the last 6 months and aims to reach one million creditworthy unbanked individuals by 2025.

Commenting on the development,Mr. Ajit Kumar, Founder&CEO, RupeeCirclesaid, “Our expertise in credit underwriting & analytics has allowed us to build a new age technology platform that captures 5000+ data points to accurately assess credit risk. With the RBI license, we look forward to emerge as the India’s most trusted Peer-to-Peer(P2P) lending platform while offering excellent returns on investments for lenders and providing quick hassle-free personal loans to borrowers for short term requirements such as vacations, education, home improvements, medical emergencies etc.

With less than 3% population in India, investing into equity markets, Peer-to-Peer (P2P) investments provide a hassle free, less volatile and easy to understand option for generating returns as high as 24% annually. RupeeCircle’s proprietary risk score based on traditional & digital footprints combined with in-house Verifications, Tele-calling & Collections team ensures fraud & risks are mitigated.

RBI Disclaimer – “The Company is having a valid Certificate of Registration dated 27th Dec 2018 issued by the Reserve Bank of India under the Section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for any repayment of deposits/discharge of liabilities of the company”


About RupeeCircle

RupeeCircle(M/s Fintelligence Data Science Pvt. Ltd.) is the new age Peer-to-Peer (P2P) lending company that connects creditworthy borrowers with investors looking for attractive returns on their investments. Our endeavor is to provide last mile credit access to the neediest sections of the society while providing a new investment asset class for lenders to diversify their portfolio beyond conventional stocks and bonds. Backed by INR 55 million seed fund from Mahindra Finance, Oracle’s Cloud Accelerator Program & other marquee investors, we aim to drive financial inclusion to millions of unbanked & under-banked creditworthy individuals in India.

Starting off in 2017, RupeeCircle’s proprietary credit scoring model leverages data science, machine learning & cloud infrastructure to accurately underwrite first time borrowers and new to credit customers in the absence of traditional credit repayment data.

We believe that with increasing internet penetration, digital footprints & real time analytics individuals can act as “Banks or Financial Institutions” themselves and thereby extend financial services to the last mile. With a highly experienced and passionate team of 50+ members, we are poised for rapid growth by redefining the investment landscape in India.We are headquartered out of Eastern Business District, Mumbai.

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