Finzy achieves zero defaults in the first year of operations

Bangalore: Finzy, one of India’s top peer-to-peer (P2P) lending platform has successfully completed one year of its operations with zero customer defaults in its EMI repayments. The company doubled its loan disbursements in six months after setting up its operations in June last year, due to a surge in demand for loans. Finzy has been able to provide its lenders with an average of 15.5% interest per annum on their investments. This has led to a strong interest from existing lenders and a significant 42% of the lenders have re-invested…

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