AI, ML pivotal in streamlining lending process: LenDenClub cofounder Dipesh Karki

The Indian peer-to-peer lending market is projected to grow to $10 billion by 2025 but that milestone is expected to be reached much sooner, says Dipesh Karki, cofounder and CTO of P2P lending platform LenDenClub. “P2P lending companies will offer a distinctive fusion of cutting-edge technologies and speedy financial solutions to strengthen the alternate investment path for investors in India as well as fulfil the unmet credit needs of Indians,” Karki told PTI.

Put simply, P2P lending, or social-lending, leverages financial technology to allow people to lend or borrow money from one another without going to banks or financial institutions. The online platform connects lenders and borrowers.