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Staying Safe Online In The Time Of Coronavirus

Let there be positives in the way that we do things, against the background of the current pandemic. For the sake of us all, it is important to try to keep things going, learn and make all the positive moves for improvement that we can during this lockdown. With much of the world on lockdown because of the coronavirus pandemic, many of us are relying on our phones, laptops and other devices to stay connected. 

A Digital Essential

You can lend money to others in a more organised and structured manner using the peer-to-peer (P2P) lending platform LenDenClub. Online peer-to-peer (P2P) lending is a new but essential financing method for small and micro enterprises that are conducted on the Internet and excludes the involvement of collateral and financial institutions. The COVID crisis has uncovered the gaps in traditional banking and financial institutions, who either ceased or severely curtailed lending during the lockdown. 

Although traditional banking is facing complications during such times, here P2P lending takes the lead. There must be no doubt in the minds of the customers since all of the information is verified. The lenders make investment decisions according to the borrower’s verified information and vice versa. This, in turn, has led customers to rely more heavily on online. 

New-age Fintech To The Rescue

Taking advantage of the new-age time, utilising the resources and time they had invested in developing an online infrastructure. Here, the P2P lending has adopted digital models such as e-verification, e-mandate, e-signature, API based data integration, blockchain to create an ecosystem that allows contactless financial transactions.

E-verification where online KYC, geo-tagging, mapping locations, instead of physical verification is a cost-efficient, contact-less and time-saving process that is here to stay. We are ensuring quick funding and disbursal of loans originating from the green zones by tagging them as ‘low impact COVID zones. 

Turning Crisis into an opportunity

This terrible crisis has created an opportunity for complete digitization of one of the oldest financial institutions – lending. P2P lending platforms who demonstrate foresight and an astute understanding of the situation and combine it with innovative application of technology will emerge as clear winners.

The pandemic is accelerating digitisation globally by making digital financial services like P2P even more relevant in people’s day-to-day lives. With consumer demand for P2P platforms increasing, now is the ideal time for incumbents in the financial sector, and new entrants, to take full advantage of this opportunity.

LenDenClub is India’s largest alternate investment platform which started operations in India in 2015. We have been helping investors diversify their investments beyond traditional investment instruments ever since.



The Reserve Bank of India does not accept any responsibility for the correctness of any of the statements or representations made or opinions expressed by Innofin Solutions Private Limited, and does not provide any assurance for repayment of the loans lent through its platform.

LenDenClub is an Intermediary under the provisions of the Information Technology Act, 2000 and virtually connects lenders and borrowers through its electronic platform via the website and/or mobile app.

The lending transaction is purely between lenders and borrowers at their own discretion, and LenDenClub does not assure loan fulfilment and/or investment returns. Also, the information provided on the platform is verified or checked on the best efforts basis without guaranteeing any accuracy of the data/information verification. Any investment decision taken by a lender on the basis of this information is at the discretion of the lender, and LenDenClub does not guarantee that the loan amount will be recovered from the borrower, fully or partially. The risk is entirely on the lender. LenDenClub will not be responsible for the full or partial loss of the principal and/or interest of lenders’ investment amounts.


*P2P investment is subject to risks. And investment decisions taken by a lender on the basis of this information are at the discretion of the lender, and LenDenClub does not guarantee that the loan amount will be recovered from the borrower.

** Average value mentioned is the weighted average of returns received by investors

© 2023 LenDenClub by Innofin Solutions Private Limited | CIN: U74999MH2015PTC266499


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