LenDenClub Celebrating 10 Years with 3 Crore Registered Users

Ten years ago, when Bhavin Patel and Dipesh Karki founded LenDenClub in Mumbai, they had a simple yet powerful vision: create a P2P lending platform where ordinary people could help other ordinary people achieve their financial dreams. 

Today, as we celebrate this incredible decade-long journey, that vision has transformed into something remarkable.

We’ve just crossed a major milestone – our registered user base has grown from 2 crore to an impressive 3 crore users. What it shows is that three crore Indians who chose to trust LenDenClub with their financial aspirations.

From Humble Beginnings to Industry Leadership

The early days weren’t easy. LenDenClub started by processing just 20 loans per month worth ₹5-6 lakh. The founders called every single customer to understand their needs and pain points. This hands-on approach helped them build something truly valuable.

Fast forward to today, and the numbers tell an incredible story:

• ₹16,000+ crore disbursed since inception
• 3+ crore registered users on the platform
• India’s largest P2P lending platform status
• 400% annual growth consistently achieved

What Makes This Milestone Special?

Reaching 3 crore users isn’t just about quantity – it’s about the quality of trust we’ve built. Each user represents someone who believed in the power of peer-to-peer lending. They chose to be part of a financial revolution that puts people at the center of lending decisions.

Our platform has evolved significantly too. We now offer:

• Daily earning options for lenders
• InstaMoney app with 2+ crore downloads
• AI-powered solutions like LenDenGenie handling 35% of customer queries
• Short-term lending crossing the ₹100 crore mark

The Technology Behind Our Success

What sets LenDenClub apart is our commitment to technology. We employ 20-25 artificial intelligence and machine learning models for credit assessment and borrower-lender matching. 

Our platform can process 23 crore transactions between lenders and borrowers in a single month.

Dipesh Karki, our CTO, has ensured that 95% of loan applications are now assessed within seconds using deep learning models. This technological edge has helped us maintain one of the lowest NPA rates in the industry at 3.75%.

Celebrating Our ‘Silent Heroes’

To mark this 10-year milestone, we launched our “Bharat’s Silent Heroes” campaign. This isn’t just marketing – it’s our heartfelt tribute to the everyday lenders who’ve made our journey possible.

These heroes don’t make headlines. They’re retired teachers, working professionals, and ordinary Indians who chose to lend not just their money, but their trust.

As Bhavin Patel puts it: “LenDenClub ke 10 saal – un logon ke naam, jinhone paisa nahi… sapne invest kiye”.

Our Impact on India’s Financial Landscape

LenDenClub has played a significant role in India’s financial inclusion story. We’ve:

• Served over 1 million merchants across the country
• Maintained transparent operations with RBI compliance
• Delivered consistent returns to lenders, historically earning 11.28% p.a.
• Provided quick access to credit for underserved borrowers

Looking Forward: The Next Chapter

As we celebrate this milestone, we’re not stopping here. The P2P lending market in India is expected to reach $10 billion by 2026. 

We’re positioning ourselves to lead this growth with continued innovation and customer-focused solutions.

Our recent achievements include:

• Record loan recovery rate of 96.00%+
• Enhanced AI capabilities with salary detection algorithms
• Improved collection efficiency driving business growth

The Trust That Drives Us

What makes us most proud isn’t just the numbers – it’s the trust. When someone chooses LenDenClub, they’re not just using a financial service; they’re joining a community that believes in the power of people helping people.

Our escrow mechanism through ICICI Trusteeship Services ensures complete transparency. Lenders can track their investments down to eight decimal places, and every transaction is recorded with precision.

A Message of Gratitude

As we mark this 10-year journey, we want to thank every single person who believed in our vision. From our first borrower to our latest lender, from our dedicated team to our regulatory partners – everyone has played a part in this success story.

As we look toward the future, we remain committed to our core mission: connecting people who need financial support with those who can provide it. 

We’ll continue innovating, growing, and most importantly, serving the financial needs of Indians across the country.

The next 10 years promise to be even more exciting as we work toward making financial inclusion a reality for every Indian. 

Thank you for being part of the LenDenClub family.