i2iFunding.com, a leading Peer-to-Peer (P2P) Lending Platform in the country aims to break even by the second half of 2019 given its robust growth in the last two years and promising growth outlook in the next 2 years.

Awarded as the startup of the year 2016, i2iFunding.com has gained a phenomenal popularity in a short span of time and has become the leading P2P lending platform in India due to its committed and transparent business model in providing alternative investment option to Investors and affordable personal loans to genuine borrowers looking for money for their various needs.

Launched in October 2015, i2ifunding is currently disbursing loan worth Rs. 60-75 lakhs per month. The company has a vision to upscale this disbursement up to Rs. 200-Crore over the next 2 years. With this pace, i2ifunding.com is most likely to achieve its break even point within 2 years, which is a year sooner than expected.

Speaking on break even, Vaibhav Pandey, Co-Founder of i2ifunding.com said that, “Against the traditional brick and mortar institutions, P2P lending gains an edge due to its cost-effectiveness and shorter turn-around time for loan disbursements. i2ifunding has achieved a leadership position in this segment and most likely to break even by 2019-20”.

“Not only borrowers here are the happy customers as they receive hassle-free loan, lenders too gain higher returns on their investments in proportion to their risk-appetite,” Vaibhav added.

Certainly, P2P lending has an edge over traditional banking mechanisms due to its low operational cost. I2IFunding disbursed loans more than 5-Cr till date with less than 4% defaults so far. Expanding its operations in more than 50 cities, the company is effectively tapping the huge market for P2P investments.

About a year ago, i2iFunding.com had also established a Principal Protection Fund by keeping aside money from its earnings. This was done to safeguard the interest of its customers and help them stay stress-free. The quantum of the payout was fixed by the category of loans. Lately, i2iFunding compensated 40 investors, by paying a total sum of Rs 4.25 lakhs. Out of 7 accounts wherein the defaults were reported, 4 belonged to the risk category ‘D’ and one account each belonged to the categories ‘C’, ‘E’ and ‘F’. This was done at no extra cost to the investors.

i2iFunding.com has become the first P2P lending platform in India to compensate investors for the loss of outstanding principal amount incurred on the defaulted accounts, the company claims.

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