Paytm poised to start its P2P lending business with Clix Capital

According to sources, Paytm has registered with the Reserve Bank of India to run a P2P lending platform

Clix Capital is in advanced talks with One97 Communications, which controls Paytm, for a strategic stake in its planned peer-to-peer (P2P) lending platform.

AION Capital, which has an 85 per cent stake in Clix Capital, was formed by buying the commercial lending and leasing business of GE Capital in India. The remaining portion of the equity in the company is held by former Genpact founder Pramod Bhasin and former head of DE Shaw in India Anil Chawla.

Paytm and AION Capital spokespersons declined to comment on the negotiations or share any details. However, a source close to Paytm said that