Business Model
1 Finance P2P Private Limited as a peer-to-peer lending platform aims to revolutionize the lending and borrowing landscape in India by directly connecting lenders with borrowers.
The business model of 1 Finance P2P is built on the following key components:
1. Value Proposition
1 Finance P2P will offer a transparent, secure, and efficient platform for both lenders and borrowers. For lenders, the platform provides access to a diverse pool of borrowers with verified profiles, allowing them to make informed lending decisions and balance risk and reward effectively. For borrowers, the platform will offer easier access to funds with various loan options and competitive interest rates, particularly for those underserved by traditional financial institutions.
2. Revenue Streams
The platform will generate revenue through various fees charged to both lenders and borrowers. These include:
- Onboarding Fees: Will be charged to customers when they join the platform.
- Processing Fees: Will be applied at the time of loan transactions.
- Other Charges: Including late payment fees and other related charges.
3. Key Partnerships
1 Finance P2P relies on several key partnerships to deliver its services effectively, including:
- Trustee banks for managing funds.
- Credit bureaus for credit checks and risk assessment.
- Third-party service providers for KYC authentication, payment gateway integration, fraud detection, and more.
4. Key Activities
The primary activities that drive the business include:
- Onboarding and supporting customers (both lenders and borrowers).
- Facilitating the collection and disbursement of loan amounts.
- Ensuring strong corporate governance and compliance.
- Continuously developing and refining the platform's technology.
5. Customer Segments
The platform serves two main customer segments:
- Lenders: Typically tech-savvy professionals seeking higher returns through direct lending opportunities.
- Borrowers: Small business owners, freelancers, and professionals in need of quick, flexible financing solutions.
6. Key Resources
1 Finance P2P's success hinges on several critical resources, including:
- Skilled manpower and strategic partners.
- Robust technology and infrastructure for the platform.
- Financial resources, with initial funding of ₹3 crores provided by the promoters.
7. Customer Relationships
Maintaining strong, trust-based relationships with customers is a priority. The platform will have a dedicated customer experience team focused on delivering personalized support and fostering long-term customer loyalty.
Summary
In summary, 1 Finance P2P's business model leverages innovative technology, skilled manpower and leadership team to create a peer-to-peer lending platform that meets the financial needs of both lenders and borrowers, with a clear focus on transparency, security, and customer satisfaction.
Contact & Communication
For more information or clarifications, please contact:care@1financep2p.com
Website:www.1financep2p.com