Faircent.com is an online peer-to-peer platform that enables creditworthy borrowers lower their cost of loan, and individual investors to lend directly to their community, by earning high returns.  Founder, Rajat Gandhi shares his bit on entrepreneurship.

Please tell us about yourself and your co-founder. Did you always want to become an entrepreneur? Kindly elucidate.

With a specialisation in marketing, strategy, and brand building, I have headed multiple online-focussed initiatives. For instance, at The Times Group, I was one of the founding member of the team that launched brands like Timesjobs.com, Magicbricks.com, and Simplymarry.com. I was also the India Head at Performics, a digital marketing agency of Chicago-based Publicis Group.

Vinay Mathews  is the COO at Faircent.com and also a leading internet expert. He previously headed Alliances for Rediff.com and has been the Regional Head for Interactive Services at Sify Technologies Ltd. Prior to co-founding Faircent.com, he was the Country Head – Sales & Service Delivery at Timesjobs.com, a Times of India Group company.

Having held leadership positions and headed entire business verticals, I feel that both of us had always had a latent desire to establish and run our own business. I told Vinay about the concept that would eventually become Faircent.com, and he immediately signed up for it.

Tell us about Faircent.com. When did you start the journey?

Faircent.com was an idea that came about from a personal experience. One day, while browsing through my Facebook feed, I noticed a colleague’s post requesting his contacts to fund a portion of the cost for a new bike he wanted to buy.

I realised what was missing was a trustworthy online platform that could facilitate such an exchange. A platform like Faircent could not only help reduce India’s massive credit deficit, but could also provide a lucrative alternative avenue of investment to individuals with surplus cash. This was when I, along with Vinay Mathews and Nitin Gupta, established Faircent.com in 2014.

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