Press Release

PaisaDukan Secures Additional Seed Funding of USD 225K

Mumbai, 7th May 2018:, a P2P Lending marketplace owned by Mumbai based FinTech start-up BigWin Infotech today announced second round of seed funding and secured USD 225K through angel investment. The company has raised USD 650K of seed funding last month that takes company to the total Seed investment of USD 875K till date.

Commenting on the recent funding, Mr. Rajiv M Ranjan, Founder & CMD of PaisaDukan said “Infusion of Additional Seed funding has showcased investors’ confidence on our platform, as well as on our operations management and business strategy. We have filed our application for NBFC-P2P in Dec 2017 and awaiting response from RBI. Our platform is ready to go live along with mobile app as soon as we receive Certificate of Registration (COR) of NBFC-P2P from RBI. The current round of funding will boost company’s progress and will help in hiring experienced key resources and expand our technology workforce.”

We are also in discussion with couple of VCs who have shown interest for Pre / ‘A’ series funding,” added Mr. Ranjan.

About PaisaDukan:

PaisaDukan, a marketplace solely owned by BigWin Infotech, an ISO 27001:2013 and ISO 9001:2015 company , as operates in the domain of Peer to Peer (P2P) Lending with a view to curb the advent of Financially Excluded India. PaisaDukan will handle the servicing of the loan on behalf of matched borrowers & investors and provides legal & recovery support, principal protection, evaluation of credit risk by a proprietary algorithm. PaisaDukan provide loans for all legal age groups as well as all loan requirements.

See also  PaisaDukan Announces Seed Funding from Angel Investors

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