Peer-to-peer lending platform Lendbox expects its revenue to grow by 20% in FY25. The company had posted a net revenue of Rs 120 crore and a bottom line of Rs 11 crore in the previous financial year.
“Financial inclusion will drive the P2P industry. Here, a retail borrower can come in and borrow as low as Rs 5,000 seamlessly through the digital route,” Bhuvan Rustagi, co-founder and chief operating officer, Lendbox, said.
Currently, the total asset under management of the company is at over Rs 3,000 crore and total disbursements are Rs 8,000 crore. The company’s average historic return is at 12.15%.
In recent months, the P2P lending industry in India has faced various enhanced supervision by the Reserve Bank of India (RBI). Following nudging from the central bank, P2P platforms had recently asked its members to stop offering instant withdrawal products to customers after March 31.
“We are working with the RBI to update the regulation or update the interpretation of the regulation as to be in line with the current business practices and introduce any new guardrails to protect the consumer base,” he said.
Specifically, Lendbox is keen on acquiring companies with strong technology stacks. While the company has not shortlisted any target, Rustagi is hoping to make an acquisition in the second half of FY25.
While the P2P lending platform has no plans to raise additional capital this fiscal, the company will raise over Rs 100 crore in 2025-26.
Apart from Lendbox, Rustagi is also the co-founder of Per Annum, a platform for alternate and fixed income investments.
Recently, Per Annum has launched the distribution of unlisted bonds offline. The company plans to launch asset financing this week. Asset financing involves the purchase of an asset and earning a lease income from that asset. Here the asset can be office equipment, construction equipment etc.
