By A Correspondent
Rage Communications has launched an online peer-to-peer lending marketplace for Monexo in India. While P2P lending is innovating financial services globally, Monexo has brought this model to India, assisted by Rage’s online expertise.
Launched in India on September 19, Monexo is tapping into the traditional lending market by providing a new avenue of investment that is relatively less volatile and also provides opportunity to diversify investments for monthly returns. Rage was entrusted with this task of reaching out to Indian money lenders and borrowers through multiple digital channels.
Says Neville Medhora, Vice President and Head of India Business, Rage Communications, “The challenge was to bring two very different sets of relationship sets (lenders and borrowers) on one platform and address all their user journeys seamlesslyâ€. Rage provided superior customer experience and removed the friction in the borrowing process with the use of robust technology.
The idea was carried forward on social media too, with the theme of freedom and independence – being able to access affordable loans.
Comments
One response to “P2P lending marketplace Monexo takes off in India”
There are a lot of reasons why P2P lending has grown so quickly. Monexo has done a good job in getting it to India and reaching it to the potential people who are in need. I hope the best for Monexo.co/in for establishing the lending process.