Vartis Platforms, operator of the country's largest peer-to-peer lending marketplace LenDenClub, is preparing for an initial public offering within 18 to 36 months, chief executive Bhavin Patel said. "We are in preparation mode... and we may target it in next 18 to 36 months timeframe," Patel told Reuters on Wednesday, adding that LenDenClub could be the first P2P lender in India to list. Peer-to-peer lending connects individual lenders directly with borrowers, bypassing banks and other financial institutions. A listing would mark a milestone for the sector, which has faced slower growth and higher compliance costs after the Reserve Bank of India tightened rules in 2024, including stricter sourcing norms and a ban on assured returns.

LenDenClub operates across retail credit participation, digital lending and lending technology through three platforms

CyberPeace researchers report a potential data breach at LenDenClub, a leading P2P lending platform in India, affecting about 22 million users with compromised ID and loan statement data totaling 84 GB, claimed to be stolen in December 2023. The identity of the attackers is still under investigation, with no comment from LenDenClub yet.

P2P lending platform LenDenClub turned back to black in FY25 as regulatory pressure from past years on the fintech segment begins easing

YouTube video by LenDenClub, India’s No.1 P2P Lending Platform!

Finding a trustworthy platform to begin peer-to-peer lending in India can be challenging. Lenders typically look for three things above all else: regulatory compliance, transparency, and scale. Len…