Transactree Technologies Private Limited

Transactree Technologies Private Limited operates as a peer-to-peer lending platform, connecting lenders and borrowers in India, facilitating personal loans while ensuring regulatory compliance and risk management. Founded in 2015 and headquartered in New Delhi, India, Transactree Technologies Private Limited operates the Lendbox platform. The company achieved regulatory approval from the Reserve Bank of India in 2019. The founding team consists of Bhuvan Rustagi, Ekmmeet Singh, Jatin Malwal, Mundia Mundia, and Saiyana Kapoor.

Ekmmeet Singh serves as the CEO. The firm raised INR 39. 97 million in funding led by IvyCap Ventures on April 29, 2021, bringing the total amount raised to INR 39. 97 million and the current valuation to INR 510.

832 million. Lendbox provides a peer-to-peer (P2P) lending platform that links retail lenders with borrowers across various risk categories and loan terms. The platform allows lenders to start lending with a minimum amount of ₹10,000, giving them the flexibility to choose borrowers based on creditworthiness and risk profile, thereby ensuring informed lending decisions. Lendbox primarily serves the Indian market, managing over ₹1800 crore in assets and catering to a wide range of customers in need of personal loans.

In the most recent fiscal year of 2023, Lendbox reported a revenue of INR 6,792,384. 40, with an EBITDA of -INR 284,900. The company generates revenue through platform fees deducted from borrowers’ EMI repayments, facilitating direct lender-borrower interactions while maintaining transparency in repayments. Transactree Technologies Private Limited is focused on expanding its product offerings and market reach.

Following its latest funding round in April 2021, the company plans to enhance its platform by introducing new features aimed at improving user experience. It is also looking to expand its operations beyond India into other Asian markets by mid-2024. The funding raised will support these initiatives, helping to scale operations and enhance the platform's capabilities.