Peer-to-peer (P2P) company i2ifunding has set a target of disbursing loans worth more than Rs 200 crore over the next two fiscal years.
"We have been disbursing around Rs 60-75 lakh worth loans monthly but the company has set the target of 20-30 times growth by disbursing more than Rs 200 crore in the next two years," Manish Bansal, co-founder of the company said today.
He informed that the company would also launch mobile apps for investors and borrowers and an automated credit evaluation process to ensure fast approval of loan applications.
"These technological updates will also facilitate better customer experience due to improved navigation," he added.
The company which is mainly concentrated in few metros and tier-1 cities is also likely to open offices in Bengaluru and Hyderabad.