Finzy is a peer-to-peer lending platform that connects borrowers with investors, providing an alternative solution for personal loans.
Launched in 2016
Founded by Amit More
Based in Bengaluru, India
Raised funding from renowned investors like Inventus Capital and AngelList
LendingClub is one of the largest peer-to-peer lending platforms in the US, offering personal loans, business loans, and auto refinancing.
Prosper is an online marketplace lending platform that provides personal loans for a variety of purposes, connecting borrowers and investors.
Upstart is an online lending platform that combines traditional credit scores with AI-based underwriting, offering personal loans for various needs.
Finzy facilitates personal loans for various purposes like debt consolidation, home improvements, medical expenses, wedding, etc.
Finzy connects borrowers looking for personal loans with investors willing to lend money. Borrowers apply for loans, and investors decide whether to fund them.
Finzy offers fixed interest rates based on the borrower's credit profile. The rates can vary depending on the loan amount, tenure, and creditworthiness.
Finzy is currently available for residents of select cities in India. They are gradually expanding their reach to other locations.
The minimum loan amount offered by Finzy is INR 50,000, while the maximum loan amount can go up to INR 10,00,000, depending on the borrower's eligibility.
Finzy employs rigorous security measures to protect the personal and financial data of its users. They also have partnerships with reputed banks for loan disbursal and collection.