Faircent uses automation to bring borrowers and lenders on same platform

Faircent uses fintech, analytics and automation to bring individual borrowers and lenders on the same platform

Avinash Kumar, a Noida-based medical practitioner, wanted to set up his own clinic. Being a first-time borrower, he was unaware of the procedures to have a loan approved. Faircent.com, a Gurugram-based online peer-to-peer (P2P) lending platform, extended its services to the doctor.

“They helped me through the procedure and provided information at every step. The follow-up was really good,” says Kumar.

Founded by Rajat Gandhi and Vinay Mathews, Faircent was launched in 2014. The P2P platform leverages financial technology, analytics and automation technologies to bring individuals needing funds directly in contact with individuals willing to lend, thus removing the intermediary margins.

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