[harshitsv67]

Thanks for the appreciation!

Trust is indeed the biggest pain point in peer lending that we have focused hard to solve.

1. We guarantee 100% genuine and verified borrowers because of mandatory biometric authentication. This solves problem of identity theft and fake users.

2. We verify borrower's employer and their unique ID as well, so that there is a deterrent to improper behaviour on part of the borrower.

3. We co-invest with our lenders so that we have a skin in the game.

4. We also have auto-debit and post dated cheques to ensure money is returned on time.

[dhruvrrp]

How exactly would biometric authentication stop fake users? Would you be using some central database to identify people or are you gonna make your own database?

How exactly do you plan to verify employer information?

Sorry if I may sound cynical but ive spent enough time in smaller indian cities that i can imagine ways on how people could try to take advantage of your platform.

[harshitsv67]

Yes we use a central database. Employer verification is done electronically.

We can understand the apprehension. However, lot of things are digitising fast, and it is getting more difficult to do financial misconduct without leaving a trail. We keep working hard in adding robust checks in the system, knowing that otherwise the problem you mention exists.

[krisgenre]

They use Aadhaar.