BigWinInfotech(PaisaDukan) ReceivesIn-Principle NBFC-P2P Approvalfrom RBI
Thursday, 10 May 2018, 01:19 IST
Mumbai based Fintechstart-up, today announced the grant of In-Principal approval by Reserve Bank of India for NBFC ( Non-Banking Financial Company) -P2P under section 45-IA of RBI Act, 1934 to set up a Peer-to-Peer Lending Platform. The company is soon going to launch its Platform as www.paisadukan.com for P2P Lending Transaction. The company is amongst the budding operator in the country to get the in-principal approval for NBFC-P2P.
As per the mandate from the RBI, BigwinInfotech has to put in place the necessary technology platform and complete all legal/operational formalities so as to be ready for operations and report a position of Compliance to RBI. The company shall commence its Market operations after the grant of Certificate of Registration from RBI.
Speaking on the development, Mr. Rajiv M Ranjan, Founder & CMD said, “Weare excited on receiving the in-principle approval. Investors’ have already showcased their confidence in our platform and business model. Now our priority is to complete all the technical and legal formalities at earliest to receive the Certificate of Registration (COR) of NBFC-P2P from RBI to get functional.”
“Our platform is ready andwe are going to launch our marketplace PaisaDukan.com along with mobile app shortly”, added Mr. Ranjan.