Peer-to-peer lending platform Faircent.com has received its NBFC-P2P certification from the Reserve Bank of India (RBI) . The accreditation makes Faircent.com the first P2P lending platform in the country to receive the certificate of registration as an NBFC-P2P by the national regulator.

“As the largest P2P lending platform in the country and a pioneering presence in the domain, Faircent has played a pivotal role in helping the Indian online P2P lending sector gain regulatory recognition. To be the first player in the sector to receive an NBFC-P2P certification from the RBI is a very significant milestone for us at Faircent.com. This development further bolsters our resolve to take financial inclusion to every last Indian through technology and to address the country’s credit deficit with our innovative tech-led offerings," said Faircent, cofounder and CEO, Rajat Gandhi said in a statement issued to the media.

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