rishikakhanna111

  Bharatpe p2p lending , a merchant payments and financial services provider, is expanding its consumer offering by entering the peer-to-peer (P2P) lending space with the launch of its product. Individual investors can use the '12% Club' app to invest and borrow at 12% interest. BharatPe has partnered with LenDenClub and is currently onboarding Liquiloans for its consumer product. In 2019, the fintech launched P2P lending for its merchants with the same partners. To keep delinquencies low, 12 club p2p investors on BharatPe's platform will lend to its merchants. Because these merchants will be using BharatPe's payment infrastructure, the company will have an easier time underwriting these loans. Borrowing for the 12% Club will be fueled by a traditional non-banking finance company (NBFC) such as Hindon Mercantile, which will make consumer loans. Grover expects the average loan duration on the platform to be between three and twelve months. Individual investors have alre