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How RangDe pivoted from a social grant platform to a P2P NBFC with the aid of investors like Girish Mathrubootham

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The shift in 2017A P2P platform is an online portal that matches borrowers with lenders.
In January 2018, the social investors (lenders on the platform) volunteered to become equity investors.
“We were able to file for a licence with RBI, thanks to 23 of our social investors who participated as equity investors.
It had 15,000 social investors (lenders) and 65,000 borrowers were funded.
We have social investors across the globe and they include NRIs, millennials, mothers, designers, CEOs, and many more,” Smita says.

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