Tech
P2P lending platform LenDenClub’s parent plans IPO, CEO says
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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…
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