City- based i-lend, Indias leading peer-to-peer lending marketplace and Lenddo, the worlds leader in using non-traditional data for credit scoring and online verification, announced that they are entering into a strategic partnership.
The two companies would work closely together to offer lenders using i-lend platform access to new sources of data to help them make better decision on their customers, a company statement said here today.
i-lend presently operating in Hyderabad has done over Rs. 90 Lakhs of disbursals through the online marketplace and with this tie-up plans to scale up its presence across the country to facilitate unsecured personal loans between Individuals to Individuals and Institution to Individuals. While at i-lend we use borrowers financial data to assess his ability to repay loan, we believe that using social data to understand individuals behavior and assessing their intention to pay is very crucial and gives us a better assessment of larger segment of borrowers.UNI VV VV RSS1426
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